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This Is How The Great CLO 2.0 Collapse Will Play Out

Over the past two weeks, we’ve begun to document (see here and here) what may end up being a dramatic unwind in the CLO market.

Supply all but vanished in the wake of the crisis but staged a comeback starting in 2012 and by 2014, issuance was running at a $125 billion per year clip. As we noted last week, that’s roughly the equivalent of how much auto loan-backed paper came to market last year.

"Trump Must Be Stopped" Plead 'The Economist' And CFR As Financial Establishment Panics

"Trump Must Be Stopped" Plead 'The Economist' And CFR As Financial Establishment Panics

It's one thing for the republican establishment to throw up all over the candidacy of Donald Trump: frankly, the GOP has not been relevant as a political power ever since Boehner started folding like a lawn chair to Obama's every demand just around the time of the first US downgrade, and as such what the Republican party - torn apart and very much irrelevant as the best of the "establishment" GOP candidates demonstrate - thinks is largely irrelevant.

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