Junk bonds signal 44% recession risk in 2016Crux note: Marty Fridson is known as the “dean” of high-yield bonds. He is – without question – the biggest name in his field (He has been for decades).
Fridson has been predicting a $1.6 trillion implosion in the ‘junk’ bond market happening sometime between 2016 and 2019.
Now, Fridson is warning folks about the increasing likelihood that this debt collapse will spill over into the U.S. economy – causing a recession. This is a situation that should be on every investors’ radar screen.
Source: Bloomberg
http://thecrux.com/bond-expert-fridson- ... k-in-2016/
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