With corporate debt markets priced for another Great Depression, High Yield Bonds are in a unique position to outperform equities given recent
runups off the lows while providing a high yield income stream for years to come.
Not sure if there is any causality, but it is interesting to note that the recent «
runup» in price starts in 2000 at almost the same time the last country (the Swiss) went
off the «gold standard» and gold was no longer tied to any currency (or vise versa)