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Hi Ed, did mortgages for 20 years, in 2008 with the subprime crisis; investors had no idea that the bonds would pools of assets of terrible mortgages that weren’t going to be repaid. Were precautions taken so that that won’t happen again, is it an issue with the bond market? Thanks

Ed Bradford

@fullcarry.net

13h

I think the current angst is different. With the circular funding of AI buildout, there is concern that this vast and expensive infrastructure won't pay for itself. We are pricing low odds of an AI bust in the next few years in USTs IMO