2015-12-1724hgold.com

``With junk bonds finally reverting to their intrinsic value, the question on everyone's mind is "what blows up next?" ... CLOs, being packages of crappy loans, are kissing cousins of junk bonds (which are individual crappy loans). So trouble in the latter would be expected to coincide with trouble in the former, which means the crisis hasn't yet moved far afield...''



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