Last week, the financial world was shaken when billionaire Robert Mercer, co-CEO of RenTec which is arguably the world's most profitable and secretive hedge fund, announced he was quitting on Jan 1, 2018.
Let’s talk about Junk Bonds.
Junk Bonds are corporate debt issued by companies that have a significant chance of defaulting (meaning they don’t pay you back).
Why would anyone want to lend these companies money?
Because these bonds are risky, they typically pay very large yields to compensate for the increased risk. Think yields of 8% or even 10%.
Authored by David Stockman via Contra Corner blog,
The black swan in plain sight does emit the Donald's orangish glow, but at the end of the day its true color is actually red.
The following article by David Haggith was published on The Great Recession Blog:
By the SRSrocco Report,