Wilbur Ross: ‘Junk’ Bond Market Moving Toward Bubble Territory

“Banks and investors are jumping into the “junk” bond market with both feet, as the thirst for yield and the appetite for risk continue to rage.

Banks are lending and investors are buying to the point that some experts worry a bubble is forming.

“It’s not yet unduly dangerous, but we’re moving in that direction,” Wilbur Ross, the billionaire chief of buyout firm WL Ross & Co., tells The Wall Street Journal…”

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