How Credit Effects the Market
Feb 26th, 2008 | By Chris Mayer | Category: Macro Economics
Pete Arnold of the Egan-Jones credit-rating agency, and the rest of Wall Street have a saying: “Credit precedes common.” In other words, changes in a company’s credit quality can predict what will happen to a company’s share price.
Mr. Arnold’s phrase is not an entirely new idea, but it is a ...read more
