• BFI Capital

GG Digger Quarterly: State of Debt - Where do we stand a decade after the Great Recession?

The aggressive market sell-off that started in early October and included an 832-point Dow drop in a single day evoked strong memories of the frenzied correction at the beginning of the year. It also confirmed that in an aging and increasingly volatile bull market, any sudden move might be enough to spook investors into panicked selling. In this case, the main trigger was the widespread fear that the Federal Reserve’s interest rate policy will prove too aggressive. Amid the market plunge, President Trump himself criticized the Fed’s rate hikes, describing the central bank as “crazy” and “out of control”.

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