No. of Recommendations: 2
What a mess.

Have friends in the high yield side doing dulcolax and pepto
at the same time. Spreads for distressed debt through the roof.
Have not researched the quality debt side, but I assume is
not pretty either.

PE firms looking for debt to finance them LBO's are in deep
caca. Inflation is there, and it is hard to get credit.

Are we brewing the perfect storm here? If interest rates go
up, they will only complicate the situation.

Checking on crossovers with strong cash flow. Those are the
bonds we want.

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