There is no yield in high yield (HYG, JNK), there is only junk, says Jim Grant, speaking at IU's...

|By:, SA News Editor

There is no yield in high yield (HYG, JNK), there is only junk, says Jim Grant, speaking at IU's Inside ETFs conference.The recovery has brought forgetfulness, he says, and we are as uninhibited in lending and borrowing now as we were in 2007.