Funding What Should Not Be Funded

From The Aleph Blog
January 1, 2013 - 1:53am

With the Fed engaging in financial repression (maybe that should be oppression, the only role of the Fed is to steal from savers…) there are many corporate bonds being issued at low yields, some of which  are at lower yields than losses that we experience during crises for the ratings class.  Should this not be [...]

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