I think corporate debt is one of the main bubbles in this cycle, worldwide.
Just to support that look at this amazing chart of corporate leverage.
As John Hussman tweeted “… and remember, the 2009 debt/EBITDA peak reflected weak operating margins; the recent peak is on near-record ones.”
Mike Malony on Final Bubble Pop
READ Bezos says Amazon SUPPORTS Biden's corporate tax hike despite his $315billion company paying ZERO federal tax for two years - as critics say