About That $1 Trillion In Distressed Credit: UBS Responds To Wall Street’s Shock
by Tyler Durden
ZeroHedge.com
02/28/2016
UBS’ recent bearish assessment of the junk bond space led to a firestorm of protests from Wall Street asset managers for whom just the selloff in itself had become a catalyst to buy. So, to clear up any confusion, here is Matthew Mish responding to the barrage of angry bulls why the $1 trillion in distressed credit – a third of the entire universe – is not just an energy story, and responding to the five most important and recurring questions.
The Rest…HERE
