CEFZ - Finding Yield In Wonderland

We continue to live in "Wonderland" I tell you. Alice is pratting about and the Mad Hatter is hosting the tea party.

For American borrowers, I say, take what advantage that you can, because lower rates will mean more stock buy-backs, more refinancing of both Investment Grade and High Yield debt, lower mortgage rates, lower rates on student loans, and it will be a boon for the REITs, and other holders of commercial property, as you will be able to borrow for less and less and less.

This is step-one of a protracted process, in

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