$9 trillion corporate debt bomb is ‘bubbling’ in the US economy
Wednesday, November 21, 2018 | Tag Cloud Tags: debt, Economy, News, US Economy, Wall Street, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors.
On Wall Street, though, hopes are fairly high that it’s a manageable problem, at least for the next year or two.
The resolution is critical for financial markets under fire. Stocks are floundering, credit spreads are blowing out and concern is building that a combination of higher interest rates on all that debt will begin to weigh meaningfully on corporate profit margins. [ Source: CNBC (Read More…) ]
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