Bloomberg: FOMC minutes made it clear the punchbowl is far more likely to be topped up than removed. One of the ironies of the current credit market is that investors appear to be rewarding the most indebted companies. Avoiding indiscriminate selling in the credit market is obviously a good thing in the context of rescuing the economy and allowing businesses to survive prolonged containment measures. The downside is that this probably isn’t the crisis that’s going to flush out whatever excesses have been building up in the credit market.