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A man is reflected in the chart with stock prices at the Greek Stock Exchange in Athens, Monday, May 14, 2012.
A man is reflected in the chart with stock prices at the Greek Stock Exchange in Athens, Monday, May 14, 2012.
(Petros Giannakouris/AP)

Is the U.S. ripe for another credit crisis?

I’ll remember this phrase as long as I live: “Low volatility and tight spreads are what got us into this mess in the first place.”

The source was credit and interest rate strategist Kevin Ferry during a 2013 phone interview. The sentiment foreshadowed a trend that’s becoming evident now – sowing the seeds of a new credit crisis.