Complacency Breeds $2 Trillion of Junk as Sewage Funded

``Bond buyers handed $2 billion last month to Ecuador, whose socialist president forced a default during the financial crisis while calling creditors "true monsters."''... "It definitely feels like investors are getting overexuberant, and you can stay in overexuberant conditions for a while," said Fred H. Senft Jr., director of fixed income and equity research for Key Private Bank in Cleveland. "But when it turns it will turn quickly and it will turn very ugly."