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Richard Perry Thinks Japanese Corporate Bond Buyers Are Like 2007 US Subprime Mortgage Investors

July 17, 2013 | About:
Richard Perry manages $15 billion at Perry Capital.

Perry is currently shorting Japanese corporate bonds comparing them to U.S. subprime mortgages in 2007 and sovereign European bond buyers of 2008.

He has been short Japanese corporate bonds for a year and a half.

Perry thinks that investors in Japanese corporate bonds have done no credit work and simply rely on the ratings agencies.





About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

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