As if the housing bubble wasn’t enough, it appears that another financial bubble could be near or here – this one comprised of corporate junk bonds. Remember all the people who bought homes with No Doc loans but really couldn’t afford them, and when rates went up the bubble burst? Think about companies borrowing money they don’t have the wherewithal to repay backed by bonds rated as junk. Hear Jerry Flum, Chairman and CEO, and Peter Roma, Vice President of Credit Risk Monitor paint a rather startling picture to co-hosts Lew Weiss and Tim Grady. You may want to listen to this episode more than once to catch all the nuances and what you need to do RIGHT NOW to cover your assets!
Episode 187: The $1.6 Trillion Junk Bond Bubble – is it coming or is it here? Ask Credit Risk Monitor
Mr. Lewis Weiss is Host of Manufacturing Talk Radio and President of All Metals & Forge Group, the principal sponsor of the show. He has 60 years in the metals industry as a manufacturer of open die forgings and seamless rolled rings, running a business that sells forged products globally to OEMs, major manufacturers, mid-size first- and second-tier suppliers, and small metalworking companies. Lewis Weiss puts his experience in manufacturing to good use as an expert consultant on various TV and radio programs nationwide.
Mr. Tim Grady is an Executive Producer and Co-host of Manufacturing Talk Radio. He brings more than 25 years of knowledge as a senior strategist and business advisor to companies of all sizes in more than thirty industries, advising them on revving up revenues, macro and micro marketing, strategic selling, organization optimization, website ergonomics, data mining, and other external or internal factors that can accelerate or impede business operations and net profit.