"If The Fool persists in his Folly he will become wise." - William Blake
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Junk bonds’ crunch is nothing like the 2008 housing meltdown
The correction in junk bonds is not a repeat of the 2008 financial market meltdown. Indeed, the movie adaptation of Michael Lewis’ book The Big Short reminds us what an epic mess the mortgage crisis was, and how much willful ignorance it took to produce. It’s too bad that Wall Street hypesters promoting the idea that the “junk bond crisis” is producing a 2008-like mess apparently are so cash-strapped they can’t afford a movie ticket to relearn what actually happened. Put simply, the idea that the recent 10% drop in junk-bond prices is a peril to most retail investors — or to the macroeconomy — is ... (full story)
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- Jan 3, 2016 12:38am Jan 3, 2016 12:38am
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The Fool
- Joined Apr 2009 | Status: Live and learn. | 1431 Comments
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- Jan 3, 2016 8:20am Jan 3, 2016 8:20am
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Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
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- Jan 3, 2016 12:01pm Jan 3, 2016 12:01pm
- thegmann
- | Joined Jun 2014 | Status: Member | 40 Comments