The bond market hasn’t been this calm since the dot-com bust and the
financial crisis. History warns of a rude awakening.
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Junk-bond spreads are near the lows reached before the financial crisis of
2007-09. Here’s how to hedge before the market wakes up.
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To back up his point, Wilson noted that Gallup’s most recent “confidence” index showed that just 12 percent of people trust Congress and less than one in five (19 percent) trust big business.
ReplyDeleteAnd, in a new Washington Post/Pew poll, not a single one of the major political figures involved in the debt-ceiling negotiations had the trust of a majority of Americans to do the right thing.