Taconic Proteges Warn Of “Unprecedented” Danger To Markets And Economy

The world might seem like a very tranquil place right now. Looking at the stock market fly higher in the face of geopolitical and economic concern gives credence to the increasingly heard notion “this time it’s different.” It’s not different, says Altalis Capital Management in a third-quarter letter to investors. It might be better obfuscated through rose-colored glasses, but signs of forthcoming trouble are all around with debt levels across the world being among the largest concerns. The issue for investors is seeing the coming storm behind the cloud line.

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Corporations are earning record high profits and this won’t last

This stock market expansion is built on a reach for yield. Stocks are a yield-producing financial commodity driven by hopes...