Why This is Not 2002 or 2009
August 19, 2015 at 15:15 PM EDT
Over the last 20 years, there have been two major default cycles. One in 2001/2002 and another in 2009.1 There have been apprehensions that today’s energy market issues will cause another major default cycle for the broad high yield market, putting us back to periods like 2001/2001 or 2008/2009...