birder

Corporate Bonds Haven’t Been This Cheap Since 1932

It isn't just corporate debt that is cheap. Muni debt is also cheap, perhaps cheaper. But we have at least two states on the verge of default. How many companies are on the verge also? Two years ago everyone thought that AIG was blue chip. Now we find out it is nothing but a cow chip. How many more companies are being raped by their CEOs? We should find out more by 2011.