This guy looks like he has a few bodies buried in his basement. But I’m certain he’s a great investor. Who’s that annoying BBG female host? What’s going on over there, cocaine?
The new ECB plan is going to serve as a giant vacuum, depleting the world of income generating corporate bonds. This, inexorably, is going to cause investors to lower the bar, disgrace themselves by settling for high yield crap, according to Mr. Kiesel.
Should credit spreads tighten, as Kiesel is predicting, both JNK and HYG are screaming buys.
Who the hell are these people?
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I think I know your game
plan(long term).We pikers are
now to learn and understand
credit. Cool if it works.
They are Monsters from the Id.
Dr. Fly, I’m trying to figure out if there are any positive impacts to banks that incur negative rates. Theoretically, the one positive I see is that, if money is deposited with them, they are taking a cut of it. Am I wrong on this, and are there any other positives? My mind wandered to this due to the massive move up in European banks today.
Junk bonds will continue to be as risky as the companies that issue them.
This will drive money into blue chip dividend stocks.
Just ask my mother who is back to all time highs.