From FT capital markets reporter Robert Smith
Yes, I know the FT's website used to say the paper was a "distinctive shade of salmon pink." but that was just a less-than-perfect shorthand.I used the word "junk" prominently in the FT and triggered US high-yield bond doyen Marty Fridson, so he devoted his monthly note to bond-splaining the market to me pic.twitter.com/4TrXx4o00G— Robert Smith (@BondHack) September 26, 2018
(shorthand was something journos used to do to take notes at high speed, I looked it up)
The "distinctive shade..." is no longer found via a cursory search (the statement on slavery is still there, the FT is against it) but here are the contenders via Color Hex.
Using the red/green/blue color codes, there are others formulas, follow the links if interested:
#ffa07a Color Hex Light Salmon
#ffe4c4 Color Hex Bisque 1
So you tell me
Regarding the less important part of Fridson's comment, "junk bond" or "high-yield" here's a 2013 post:
Default ‘Wave’ of $1.6 Trillion Looming for Junk, Fridson Says
Almost $1.6 trillion of junk bonds globally will default between 2016 and 2020, according to Martin Fridson, chief executive officer of New York-based FridsonVision LLC, a research firm specializing in speculative-grade debt....I don't recall Marty objecting to the freakin' headline putting "junk" adjacent to his name.
That said, we like Mr. Fridson who is miles ahead of the other
After Altman left academia he went to Morgan Stanley and found an historical 1% default rate.
Of course is was totally in error but MS marketing guys liked it.
And he's back at NYU and no one ever mentions the 1% thing.
But salmon? Here's salmon:
Is There a Wonk Bubble?There may, or may not be a wonk bubble but I'll admit there probably is a nerd bubble.
Felix Salmon at Politico Magazine:...
HT: (blame) for this digression, Dan McCrum.