Junk Bond Guru Martin Fridson Predicts $1.6 Trillion In Defaults During Next Implosion

Junk Bond Guru Martin Fridson Predicts $1.6 Trillion In Defaults During Next Implosion | David Stockman's Contra Corner:
Fridson rules the world of speculative bonds. In his presentation, he showed how high-yield bonds are just as good an investment (if not better) than stocks – during normal times. 
But times are not normal today… and Fridson is worried. 
He sees “the next junk-bond implosion” arriving as early as 2016, and lasting through 2019.

In Fridson’s base case (not his pessimistic case), he sees $1.6 trillion dollars in total speculative bond defaults over the course of the next junk-bond implosion.