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"(...) baby boomers see the stock market is up so they buy a car and have a nice vacation. Corporations borrow money to buy back their own shares or to make insanely leveraged buyouts. Hedge funds buy low-yielding junk bonds in belief yields will get even more ridiculous."
Junk Bond Bubble in Pictures: Deflation Up Next: moneymaven.io/mishtalk/econo… by @MishGEA $JNK $HYG
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