The chart of the week is courtesy of Bloomberg and shows historic and projected levels for Global GDP. Global GDP has remained below levels observed before the great recession of 2008-2009 and is expected to remain so for the foreseeable future:
The Incredible 13%-Yielding Junk Bond Fund That’s Backed By The Fed
-
Those dark days did do one critical thing for the high-yield corporate-bond
market: made these so-called "junk bonds" too big to fail.
25 minutes ago