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The Stock Market Is Missing the Warning From Junk

Wall Street Journal Original article ›

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The U.S. credit boom and growth in issuance of junk bonds in 2012-2013

09/21/2011

A 55% increase in the issuance of junk bonds in the U.S. in 2012 raises alarm signals at the U.S. Federal Reserve. One group of Fed governors, including Jeremy Stein and Richard Fisher, calls for caution in Fed policy.

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