I'm glad you have a background in banking. Thanks for painting a clearer picture for me. Subprime looks like a great catalyst for the next bear market.
By the way, my company is in the very strong basic materials business and has cut expenses by half for the remaining months of the year because they forcast much weaker sales growth. Hiring is now frozen, most of the travel is being cut. When my company cuts spending, that usually means an economic downturn is underway.
Market Data 
Markets 
AI
