Wednesday, February 04, 2009
Junk Bond Default Rate Increases By 100 BPS In One Month
December 08: 3.96
January 09: 4.96
Predicted December 09: ~14%.
There's a reason they call them junk!!!
Look, I'm pretty much an average woman. In my 50's, settled down with a guy. I take care of things as best I can, and pause most days to calm down and watch the world go by. Life is pretty good.