What was that about ceteris paribus?

“Global credit spreads are tight and will likely stay tight as long as our forecast for a global soft landing proves true and global liquidity doesn’t suddenly evaporate.”

The new year brings a flood of hopes, dreams, wishes and expectations. For those whose job it is to predict which of these will materialize and which will not it is time to step up to the fence, swing a leg over and get comfortable.

Credit analysts are the soothsayers of the financial world and as such it is their task to tell the rest of us what’s going to happen over the coming months. Unfortunately, with capital markets being the mercurial, organic entities that they are, this is practically impossible.

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