The second quarter of 2003 started with a moroseness that might have come from “Iraq Attack” let down or “Post Triumphal Stress” syndrome. No more televised retired generals, no more campaign maps, just boring and unexciting economic fundamentals. Muddled up or muddled down, the indicators really didn’t say too much. The sole pocket of economic excitement was relatively mainstream, residential real estate. What was a Wall or Bay Street market maven to do?
Read the full newsletter at the link below.Canso 2003 Summer Corporate Bond Newsletter