The junk-bond correction is not the next financial crisis
Breakfast with Benjamin: Why those claiming the junk bond market looks just like the start of the 2008 financial crisis are wrong.
- All those folks claiming the recent pullback by junk bonds is just like the start of the 2008 financial crisis need to watch the movie ‘The Big Short’ to understand why they’re wrong. There is no surge in junk-bond defaults.
- It’s a brand new year, and that means looking forward, not backwards. Take a gander at the blue chips of the future. Stocks for the next 50 years.
- Hillary Clinton vows to push taxes on the wealthy beyond the levels proposed in the ‘Buffett Rule.’ ‘It’s clear that those at the top are still gaming the system and leaving hard-working American families holding the bag.’
- Where Wall Street is likely to be adding jobs in 2016. Forgotten pockets of the industry that are booming.
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