'I think it's incredible that there's still an appetite for risky debt here, and that could make a huge difference for an ultimate economic comeback,' the 'Mad Money' host said.
on Tuesday said one hobbled cruise liner's ability to attract buyers in both the stock and debt markets is a telling sign about the state of the economy compared to a decade ago.Carnival Corp.
The economic downturn of the late 2000s, the worst since the Great Depression of the 1930s, was triggered by a financial breakdown. That's not the case this time around. The comments come on the same day that stock in one hobbled cruise liner buoyed almost 11% after the company managed toThe Saudi sovereign wealth fund revealed that it bought 43.5 million shares of the American cruise company. Additionally, Carnival sold 71.88 million shares at a price of $8.
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