TLDR
The first ETF Tracking the $700 Billion CLO-Market begins trading on the New York Stock Exchange. Wall Street banks couldn’t even calculate how much risky securities on their books were really worth, writes John Defterios. As a result, the crisis of confidence has infected the world, driving the dollar to record lows - and helping send the prices of commodities, especially oil, soaring to historic highs. Some are scared that if the economy continues to suffer from loan defaults, leading to a wave of defaults.via the TL;DR App
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Written by ikuchma | Financial Advisor
