Gundlach: Debt-Financed Buybacks Have Made Stock Market Like a High-Risk CDO
via mishtalk: Jeffrey Gundlach, CEO of DoubleLine Capital LP, has some interesting thoughts on debt, stock buybacks, and leverage. Please consider Gundlach’s Slideshow on Debt Financed Buybacks. Corporate Credit as Percentage of GDP Investment Grade Has Shorter Maturity Than High Yield US Corporate BBB Debt BBB debt is one step above junk. Rise of … Read more