Morgan Stanley Warns Of "Boom And Bust In Credit"

The prospect of a Trump presidency has already made a profound impact on markets. It has, for example, caused a sharp shift from bonds to U.S. equities, sparked a sell-off in emerging markets, set the dollar on a higher trajectory and, by many accounts, paved the way for Trump to “make America great again”, but warns of risk in the credit markets. How a 3% rise would cause bond losses of near $25 trillion Horseman Global Says Long Bond Investors Will Regret It But a stronger America might not mean the best opportunities lie at home. In fact, Morgan Stanley…