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    IAMBlastedBiggsLostBurnerHamilton Nolan
    12/15/14 11:17am

    It's interesting that another manufactured investment option is labelled with the term "junk" right in the title, yet the urge to make a bigger number on a computer screen is so overwhelming, it's seen as a viable method of doing just that. It's all just so fucking artificial, and so incestuously networked and linked, it's practically impossible for the 'economy' to boom at all.

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      garyonthekickdrum_2IAMBlastedBiggsLostBurner
      12/15/14 11:24am

      How is it a manufactured investment option?

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      IAMBlastedBiggsLostBurnergaryonthekickdrum_2
      12/15/14 11:26am

      It's an investment construct, built by investors?

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    dothedewHamilton Nolan
    12/15/14 1:11pm

    Unfortunately I cannot access the linked WSJ article, but it seems like a couple of different things are being confused here. The market for new high yield bond (the polite term for junk) issuances maybe closed now, but that has nothing to do with any "bubble" in junk bonds. The new issuance market is driven by current market conditions — do financial institutions feel like buying new bonds now when interest rates may shortly be on their way up, thus rendering today's investments less attractive than those several months from now — while any "bubble" will be determined based on the issuances already trading in the market. In any event, the junk bond market is usually dead between Thanksgiving and New Years.

    And I am not sure what oil has to do with it, except (i) as pertains to oil companies issuing junk bonds to finance exploration/extraction, because cheap oil makes expensive extraction less economically viable and (ii) as it potentially affects the direction of interest rates in the short/medium term.

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      ManchuCandidateHamilton Nolan
      12/15/14 11:18am

      Wall St bubbles (Wall St bubbles)

      Make me warm all over

      With a feeling that I'm gonna

      Be Broke till the end of time

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        AwalawalManchuCandidate
        12/15/14 1:00pm

        Amy Pascal apparently checking in on the financial markets. Thanks Amy.

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      Dave Hamilton Nolan
      12/15/14 11:14am

      Oooh, 1994 all over again! I look forward to Friends, Pulp Fiction and seeing if this Clinton guy get's reelected! I HEAR he likes the ladies!

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