As first discussed here https://www.zerohedge.com/markets/hedge-funds-pile-new-big-short-next-credit-event-emerges

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Yep. Why do we think Powell is FED chair? Because he’s the one with a background in this stuff.

Just like Bernanke was the one with a background in depressions.

The background of the guy in the chair is a tell as to what they are worried about.