Michael Pento: The future guarantees that the junk bond market will someday implode, and probably soon. Repo borrowing costs will soar, the liquidity in the junk bond market will evaporate and equity prices will begin to free-fall.

via pentoport: The global fixed income market has reached such a manic state that junk bond yields now trade at a much lower rate than where investment-grade debt once stood. Investment-grade … Read more