Economic observers and money managers have faced a confusing environment since last summer, when then-Chairman Ben Bernanke shook the complacency of the market and signaled a tightening. Markets are made at the margin, and in this case the tightening, in … Read more
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Retail investors are currently pouring money into “bank loan” funds at a record rate, and the longer term implications are cringe worthy. The popularity and rationale for investor interest has some merits, but only on the surface. The reasoning goes … Read more
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