Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Crimson Ghost who wrote (19282)	12/22/2004 1:52:50 AM
From: mishedlo	Read Replies (2) of 116555

the question remains how long this junk bond frenzy can last. Global crossing was due to run out of cash in three days. It got access to the bond market today at spreads way better than anyone could have thought. Why would anyone throw money at this bankrupt (nearly a second time) POS company? Amazing that they got any money at all, let alone decent spreads over treasuries. Mish

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