These are trying times for rational human beings. Although we can’t imagine the irrational ones are having much fun either. The U.S. remains focused on impeachment (the pessimists) and elections (the optimists), the U.K. on Brexit (pessimists and optimists) and the rest of the world on everything the U.S. and U.K. are ignoring, including global warming and, of course, the much hyped sequel to Frozen (ingeniously titled Frozen 2).
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Canso Corporate Bond Newsletter – December 2019