In an environment of increasing global liquidity and economic recovery corporate bonds offer better ...
In an environment of increasing global liquidity and economic recovery corporate bonds offer better risk adjusted returns than equities. Kermit Schoenholz, chief economist at SalomonSmithBarney (SSB), said he believes that, considering the historically wide spreads, corporates currently offer a better prospect than equities. For the coming year, Schoenholz predicts a strong recovery in the US and Europe, as a result of the proactive policy responses taken most notably by the US government and to a lesser extent, the European governments. In the absence of a major shock, the policy st...
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