Quote from Mvic:
Look at the Bloomberg story under the thread end of cycle talks about this very situation. Thsi si why many guys that trade in corporates have just stopped playing the game, they just aren't being compensated for this type of risk. Interestingly enouigh the private equity investors are also realizing that too and are demandeding higher rates. This is the road to the liquidity crunch that I think is coming.
On a lighter note, I couldn't help but laugh when Faber started talking about his Deep Thoughts. Maybe that stuff passes as deep thoughts for the pop corn and candy channel.
