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September 18, 2015
The Wall Street Journal: If Investors Bail, Will Your Bond Fund Flail?
It can easily cost 3% or more to sell less-liquid junk bonds–far more than the trading costs on high-quality corporate or government bonds.
Who thinks the typical "chasing yield" retail investor has a firm grasp of all the risks associated with owning non-investment grade bonds?
On Recession Calls
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From March 2013: Business Cycles and Markets
I've been asked several times about the recent ECRI recession call
(obviously I disagreed with their incorrect...
8 hours ago
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