Just when everyone thought the Fed will have an easy job in raising rates…naturally the storms gather again.
The high yield credit markets are in meltdown (the CCC curve is similar to the one in Sep 2008) and 2 US credit funds already closed down and are trying to wind down.
China is again spurring the Yuan devaluation idea
Commodities are in meltdown.
Not an happy spot
investorpolitico 