Paul Tudor Jones Sees “Really Scary Moments” As Fed Rate-Hikes Trigger Credit Crisis
by Tyler Durden
ZeroHedge.com
Thu, 11/15/2018
“The end of the 10-year run is going to be a really challenging time for policymakers going forward,” warns billionaire hedge fund manager Paul Tudor Jones.
Speaking at at the Greenwich Economic Forum this morning, Jones explained to investors that another hike in interest rates triggered by faster growth from U.S. tax cuts may cause the bubble in credit to pop.
“We’re going to stress test our whole corporate credit market for the first time…”
“From a markets perspective, it’s going to be interesting. There probably will be some really scary moments in corporate credit.”
And unless The Fed stops its so-called ‘normalization’ of the balance sheet, yields are going to explode and credit conditions will collapse:
The Rest…HERE
