Your question makes it obvious that you have little or no experience with junk bonds. It would make far more sense for you to find a mutual fund or ETF that invests in junk bonds. A diversified portfolio gives you a better risk/reward tradeoff than trying to pick one or two winners, and that is especially true with risky assets.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.