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Jim Grant: Altria, SoftBank, And Their Divergent Paths

TedTed
in The Bullpen
FYI: In Japan, 1% counts as an outsize rate of interest. In the U.S., 7.3% will turn a creditor’s head. You’ve never seen an odder couple than the respective sources of those high yields— SoftBank Group and Altria Group.
Regards,
Ted
https://www.barrons.com/articles/jim-grant-tobaccos-not-the-only-thing-that-can-go-up-in-smoke-51572029837?mod=past_editions
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