Anyway. Is this a couple of isolated cases or the start of sending of something broader . It still seems more isolated. Clearly the tax package will create winners and losers. Tax reform has to happen. If it doesnt happen, it gets ugly. Stock markets good ugly. Stock markets get ugly. Everything gets ugly very fast. It is no longer agreement for credit markets. It is more yellow. There are still some companies with decent fundamentals but there is a lot of sectors or more sectors under pressure. Youre not getting paid an awful lot. As an investor you have to be careful. These days when the markets rollover it feels volatility needs to rise. My concern is what if the market goes to 260 . That could be interesting. That is a genuine competitor to the credit market. That is where i think the bleed could be more systemic. The 800 pound gorilla is whether or not this build up of a corporate leverage which we have seen over the past few years is sustainable or does it lead to something less
Is this a couple of isolated cases or the start of something broader . Right now it still seems more isolated. Clearly the tax package will create winners and losers. Tax reform has to happen. If it doesnt happen, it gets ugly. Stock markets get ugly. Everything gets ugly very fast. It is no longer agreement for a green light, for credit markets. It is more yellow. There are still some companies with decent fundamentals but there is a lot of sectors or more sectors under pressure. Youre not getting paid an awful lot. As an investor you have to be careful. Buying quality. These days when the markets rollover it feels volatility needs to rise. Maybe that is what we are seeing. My concern is what if the market goes to 260 . That could be interesting. That is a genuine competitor to the credit market. That is where i think the bleed could be more systemic. The 800 pound gorilla is whether or not this build up of a corporate leverage which we have seen over the past few years is sustainable
Is this a couple of isolated cases or the start of something broader . Right now, it still seems more isolated. Clearly the tax package will create winners and losers. Tax reform has to happen. If it doesnt happen, it gets ugly. Stock markets get ugly. Everything gets ugly very fast. It is no longer a green light, for credit markets. It is more yellow. There are still some companies with decent fundamentals but there is a lot of sectors or more sectors under pressure. Youre not getting paid an awful lot. As an investor you have to be careful. Buying quality. These days when the markets rollover it feels volatility needs to rise. Maybe that is what we are seeing. My concern is what if the tenyear goes to 260 . That could be interesting. That is a genuine competitor to the credit market. That is where i think the bleed could be more systemic. The 800 pound gorilla is whether or not this build up of a corporate leverage which we have seen over the past few years is sustainable or does it
Is this a couple of isolated cases or the start of something broader . It still seems more isolated. Clearly the tax package will create winners and losers. Tax reform has to happen. If it doesnt happen, it gets ugly. Stock markets get ugly. Everything gets ugly very fast. It is no longer agreement for credit markets. It is more yellow. There are still some companies with decent fundamentals but there is a lot of sectors or more sectors under pressure. Youre not getting paid an awful lot. As an investor you have to be careful. These days when the markets rollover it feels volatility needs to rise. My concern is what if the market goes to 260 . That could be interesting. That is a genuine competitor to the credit market. That is where i think the bleed could be more systemic. The 800 pound gorilla is whether or not this build up of a corporate leverage which we have seen over the past few that is a genuine competitor to years is sustainable or does it lead to something less benign . Jon
First is john quist, the tall one standing behind michael birkner. History. Rofessor of he teaches classes in 19 century u. S. History and 20th century as well. He studied at the university of michigan. A student of james mills important portend. John has published a very important book entitled the social roots of antebellum reform in alabama and michigan. And his cospeaker today is michael birkner. Michael is the Benjamin Franklin professor of liberal arts and professor of history at Gettysburg College. Many of you might remember that michael was the interim director of the Civil War Institute. He played a pivotal role in the transition. Let me just say, there is not a person on this faculty that i rely more on than michael birkner. He has been indispensable to what i have done here, with my staff has done, and the way we have been able to connect with Gettysburg College students. And they are students who adore him. I hear time and time again that michael birkners class on historica