It's Just Not Gonna Take Much

2022 Apr 4, 9:28pm   134 views  0 comments

by Misc   ➕follow (1)   💰tip ($0.10 in tips)  

Corporate America has been going on a bit of a debt binge these last few years. They've been going into additional debt of about $1 trillion per year.

Now there's over $1 trillion in junk bonds outstanding. A great many investors can only invest in "Investment Grade" bonds. Wall Street, always able to give everyone what they want has manufactured about $5-6 trillion in bonds exactly one notch above junk.

Any economic slowdown, difficulty rolling over the outstanding bonds or heaven forbid not being able to issue even more bonds could easily send the whole ponzi scheme a toppling.

Who could have possibly foreseen??????
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