No. of Recommendations: 3
https://en-us.janushenderson.com/advisor/curveball/

Bill Gross still talks as if there were such thing as a risk premium in the markets. Surely someone as smart as he is should know that risk only exists in a world where default or failure is possible.

That world no longer exists.

So long as a corporate borrower or institutional investor has connections with the right politicians and/or monetary authorities, default and failure are literally impossible.

A bailout, refinance, extension, issuance, private placement or swap arrangement is always only a phone call (or an algorithm) away.

;-)
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement