You’ve been junk’d

"Junk is not investment grade. Junk means that the pool of lenders is smaller, those willing to take sovereign risk at that level is less. It also means that any new debt has to be issued at a higher interest rate, to compensate the investor for the risk they are assuming. Which means that the … Continue reading You’ve been junk’d

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The Good old days

"My point is simple. It always turns out better than you think. There is never a better time to own equities than today. There is no use saying that I missed the March 2009 generational lows and trying to wait for another one. There are so many articles that tell you how the world is … Continue reading The Good old days