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If your underlying assumption is that a recovery is immanent, perhaps buying corp bonds is smart. If the economy proceeds as it did post 1929, it's probably a really, supremely bad idea.
Jan 08 12:26 pm
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All Comments by axelrod608 »2009: Healing Starts with Credit, Not Equities [View article]
Based on the underlying data I see, I wouldn't buy a corp bond if it paid 15%. Especially when I can get a better yield on a royalty trust.