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Any sort of downturn could make repayment of those junk bonds awfully tough.
Those junk bonds at the distressed level make up 18.7% of the market, a 16-month low.
He figures that all those junk bonds issued in 1998 and 1999 are due to begin a painful shake-out soon, particularly if the economy stumbles.
Rigged, that is, to allow banks to buy their own credit ratings, choose their own federal regulators, peddle mortgages to home buyers they knew could not afford them, repackage those junk loans into what they knew were junk securities and pawn off the risk on taxpayers for their botched bets.
For merchants, the system would mean better targeting than they get with those junk mail fliers that clutter mailboxes today, while for end users, they would get offers and coupons right when they really need them – and without having to hand over their personal information directly to the auto repair shops themselves.
Those junk foods compete against healthy snack options like fruits and veggies for kids' attention.
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He used tortoise shells, bed frames, bottles, broken bits of anything, and all those junked fenders, bumpers, generators and other auto parts.
Still, bankers and lawyers remain circumspect, warning that it is still too early to declare a mergers-and-acquisitions boom like those during the junk bond craze of 1989, the dot-com bubble of 1999 and the leveraged buyout bonanza of 2007.
Pollack called those games "junk games".
In America during that same time, the price of the healthiest foods has been rising faster than those of junk alternatives.
The shop, for having such uptight vibrations, is a little nutty-looking, like one of those overcrowded junk shops where the proprietor has a problem letting go of anything.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com