".. the 60-year-old investor believes that the next crisis will be more severe than the subprime meltdown — and it will be in corporate credit, where companies are holding record levels of debt on their books.
"You never have the same crisis twice," he said. t.co/eAb4SBxLLw
— Carl Quintanilla (@carlquintanilla) December 11, 2019
CORPORATE DEBT VS. THE EQUITY MARKET pic.twitter.com/Kx3BwbMszU
— Occupy Wisdom (@GeorgeFreemen) December 7, 2019
This economic “expansion” (really a secular depression) is only being driven by cheap money and exploding debts, not profits. What happens when corporations decide they don’t want to borrow anymore? pic.twitter.com/adPuFSMFXZ
— Occupy Wisdom (@GeorgeFreemen) December 2, 2019