Post by Max Kennerly
It's a fair comparison: long-term railroad bonds were part of a speculative boom and were notorious for their default rate. The heyday of 50–100 year railroad bonds was the 1890s; most did not surviv…
By Max Kennerly
It's a fair comparison: long-term railroad bonds were part of a speculative boom and were notorious for their default rate. The heyday of 50–100 year railroad bonds was the 1890s; most did not surviv…
By Max Kennerly