Our Terms of Use and Privacy Policy have changed. We think you'll like them better this way.

John Rubino--Look Out Below: The Junk Bond Market Is Imploding! #2906

  • Broadcast in Business News
Dollar Collapse

Dollar Collapse

×  

Follow This Show

If you liked this show, you should follow Dollar Collapse.
h:947001
s:8152739
archived
John writes, "For a while there, companies deemed to be highly risky were nonetheless able to borrow money for less than 6%. And borrow they did. Frackers, ultra-high-leverage retail chains and various other close-to-the-edge entities slurped up trillions from yield-starved investors who had forgotten about the other side of the risk/return equation.  That this hasn’t worked out so well is not much of a surprise. But the speed with which it has gone bad is still breathtaking. The following chart from Bloomberg illustrates just how fast an illogical market can be brought back to reality."

Comments