No, this is not an April Fools lead in, unlike Business Weeks nominating Franz Kafka International as the most alienating airport in the world, which is my personal favorite April 1st punk.
Yesterday at the Prudential National Convention in Las Vegas, Geoff Colvin, Fortune Magazine Senior Editor and acclaimed journalist spoke to over 3,500 Prudential agents. He suggested that we will know when this economic crisis is behind us based on two economic indicators. The first being the Treasury Bill rates and the second is the Junk Bond ratings. Apparently during the “good times”, the disparity between the two ratings was just a little more than two point five, now the difference between the two is over 20 which suggests a high risk factor. As the ratings come closer, there will be less risk and we will all be able to sleep a little better a night.
