Yield Trap: The PIMCO High Income Fund Is Too Good To Be True [View article]
Hi Chris,
Bill may well be playing a tactical game here. PHK leverage is relatively low. He may well plan to take leverage up when the market looks good to him. What would be your appraisal if he, say, doubled leverage in the fund?
Yield Trap: The PIMCO High Income Fund Is Too Good To Be True [View article]
Bill may well be playing a tactical game here. PHK leverage is relatively low. He may well plan to take leverage up when the market looks good to him. What would be your appraisal if he, say, doubled leverage in the fund?
Thoughts on Ambac Bailout, MBIA, Berkshire's Muni Bond Backing [View article]