"In the mad dash for yield it's a case of "here we go again". No one cares about risk, or valuation. It is doubtful anyone cares about relative values. In fact, it appears as if there is no care at all.
This is part of the reckless "success" Bernanke initiated with Quantitative Easing Part II that he is now bragging about..."
at http://globaleconomicanalysis.blogspot.com/2011/01/junk-bonds-and-leveraged-buyouts-here.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
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