@jnordvig@BobEUnlimited@bauhiniacapital@ExanteData@Fullcarry That's correct, chart is non-financial corporate issuance net of maturities. IMO a lot of breathless coverage on deluge of corp issuance elides heavy issuance by banks (relevant but distinct) and neglects to account for maturities/refinancing.
@jfpgaffney@PolemicTMM I still correspond with him on a bilateral basis, but he's had a busy few years in his real job (he's not a finance professional) so I don't think he has the same public presence as he used to