[Martin] Fridson rules the world of speculative bonds. In his presentation, he showed how high-yield bonds are just as good an investment (if not better) than stocks – during normal times. But times are not normal today… and Fridson is worried. He sees “the next junk-bond implosion” arriving as early as 2016, and lasting through 2019.
http://wolfstreet.com/2014/11/17/1-6-trillion-in-defaults-coming-legend-says/
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