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TCW Fund's Tad Rivelle: Insight - "Twilight of the Central Bankers"
"Our counsel remains as it has been: avoid those assets that will be broken in the coming de-leveraging while keeping a “steady as she goes” attitude towards the future purchase of those assets that will merely bend when the flood comes."
Thanks for the link. A few weeks ago I read some junk bonds were trading with negative yields in Europe. How can that make sense as anything more than a short term trade?
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Thanks for the link. A few weeks ago I read some junk bonds were trading with negative yields in Europe. How can that make sense as anything more than a short term trade?