US corporate debt nears $10 trillion, now at record 47% of economy
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(Worthy News) – US corporations are sitting on nearly $10 trillion in debt. That’s equivalent to roughly 47% of the overall economy, which is a record, according to date first cited by the Washington Post.
Since the financial crisis in 2008, corporations have splurged on debt amid historically cheap borrowing costs. In recent months, experts have warning that ballooning corporate debt could worsen a future economic downturn.
As central banks around the world have loosened monetary policy over the last decade, corporations have felt encouraged to pursue “financial risk-taking,” according to a report from the IMF published in October. [ Source: Business Insider (Read More…) ]
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