Obituary: Ray Minella led Merrill Lynch ’s charge into the junk-bond market when caution 'seemed like cowardice'
Merrill Lynch ’s marching orders to Ray Minella in the late 1980s were clear: Catch up with Drexel in the junk-bond market. Mr. Minella, who died Aug. 7, made gains, until the junk bubble deflated.@jamesrhagerty Aug. 23, 2019 10:30 am ET Merrill Lynch & Co., envious of the profits Drexel Burnham Lambert Inc. was extracting from the 1980s junk-bond boom, assigned Ray Minella to grab a bigger slice of that action. He did, but then lost his role at Merrill when junk-bond prices plunged in 1990. Led by Michael Milken, Drexel built up a vast market for high-yield, high-risk bonds starting in the late 1970s. They fueled a frenzy in leveraged buyouts, or LBOs, as investors took companies private and loaded them up with debt. ... Read more: The Wall Street Journal
Reasons for trade wars Reproductive system is cut, muscles are gone, memory is cut, 20 years have not let sleep, every cell has changed, men become the most insignificant woman......Superstars all over the world have suffered the same injuries as me. These are China did! Too bad, the Trump administration has lost the chance to ad a valuable asset in the fight to destroy the American and World economies.
HuffPost is now a part of OathSlow news day? 41Pollard She’s more man than him
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Jeffrey Gundlach on Recession Odds, Bitcoin, and Why Trump Might Not Run Again'I can’t even imagine Trump running for reelection if there’s a recession in the summer of next year,' says TruthGundlach. 'I don’t understand what he could run on.' TruthGundlach he has the smartest people, the best words... TruthGundlach There’s always something he can run on as long he works up his supporters on a frenzy: Socialism is coming, scapegoating immigrants, Hillary is the puppet master, etc. TruthGundlach Racism?
Opinion | A 100-Year Treasury?From WSJOpinion: A 100-Year Treasury? With demand high, now is the time to float a really long bond. opinion Infrastructure. opinion Hey dipshits, the time was...any day since 2009, as many of us have been saying. Of COURSE you don’t support it until a Republican is President. opinion great gift for the great-great grandkids why doesn't the United States just mint one big gold coin to cover all the debt and go back to the Gold Standard?