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,
Having tumbled from record highs near $7600 to $6900 in the last two days, Bitcoin is rebounding this morning, back to $7250 following condemnation from Dennis Gartman and blessing from 'father of financial futures' Leo Melamed.
Gartman issued the following statement overnight...
BITCOIN: A Bubble Bursting… Maybe?: Our antipathy toward Bitcoin specifically and toward the crypto-currencies generically is widely known but yesterday’s action does look like a “reversal” to the downside… finally.