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Is the Rise of the Leverage Loan Market a Bad Thing to Do?
The rise of the leverage loan market has broadened the investor base for those loans. In a super low yeld world like we're in to day, you've no shortage of takers for anything slightly risky that might carry a higher yield. I think i stick to my analogy of the old maxes that were waiting for the revolution, that they wanted the things to get worse so that they would get better soon.