When we begin to lever
up junk credit, we have 2 - 3 years to go or so, before the credit cycle crests.
Not exact matches
Junk bond holders have been beaten
up by the one risk they did not want to see:
credit spreads widening.
From
junk email to pop -
up ads to unsolicited phone calls... the world of
credit repair sure seems to be a shady place.
When
credit locks
up,
junk bond prices fall rapidly, and you see more defaults.
Opportunistic investors moved into
junk bonds in late 2008 when, in the face of frozen
credit, yields on
junk bonds went
up to more than 20 % on the back of falling prices and to richly compensate investors for taking
up the risk.
Because that's how much
junk mail the average adult receives each year, from the
credit card offers to the sweepstakes entries and catalogs, and it really adds
up; in wasted time, paper, water and energy.