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Indebtedness of the Purchaser Hereon Stated  Form

Indebtedness of the Purchaser Hereon Stated Form

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the Federal Reserve today said that default rates on a whole range of household loans have risen sharply that's a reflection of the deterioration in the labor market the New York fed also reported that rejection rates have soared this year to new series High and the credit cycle is just getting started and that has put a spotlight on an Arcane bit of Wall Street bank balance sheet engineering a new spin on the old credit default swaps that is seen an explosion of popularity this year because of course it has one reason why is what I just said credit quality is deteriorating so banks are in the market for credit protection and that market is booming right now as those investing in said protection are much the same institutional non-bank investors who had been caught flat-footed on macro risks back in early August they've got soft Landing fever so while everyone is reaching for yield and that means accepting lower and lower payments for guaranteeing losses at the same tim

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