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Fraud and scams are the second oldest profession. Nothing about theranos or fyre or crypto is unique to this time other than the social media-as-fuel component.

If you’re trying to say that corporate bonds are going to tank the economy, you’d need to find an increase in fraudulent issues. This is not the case—-the corporate bond market is highly regulated.




That is, if you trust the ratings agencies.


You don't have to trust the ratings agencies. You can look at the corporate balance sheets yourself.

Find me a recent issue that isn't properly priced considering the riskiness of the firm.




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