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HomeCorporate Bond Model Points to 13.5% Unemployment . . . MUST READ
Posted by Larry Doyle on April 9th, 2009 8:51 PM |
To all our readers celebrating a religious tradition, I wish you a beautiful and blessed holiday.
Not to spoil the feast, but I feel compelled to share this WSJ piece reviewing an econometric model’s results of analysis of the corporate bond market. It’s not very pretty. In fact, it is downright scary.
Over the course of my career, I have found that plenty of short term research misses meaningful variables. Research that incorporates longer term fundamental analysis has intrigued me much more. To that end, this piece plays into my long term concerns. (more…)
Tags: corporate bond model, corporate default rates, high yield bond spreads, Journal of Monetary Economics, lack of credit, paying down debt, Unemployment, widening corporate bond spreads
Posted in Unemployment, Wall Street | 3 Comments »
