“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Junk Bonds Could Run Out of Juice Soon
Another measure of risk - the ratio of high-yield bonds to long-term U.S. Treasuries
