If in 2008 subprime mortage loans blown up the world, more and more shale oil debt might blow up the current banking sector in US.

Coronavirus Exposes Danger of Corporate America’s Debt Binge: Bloomberg

The coronavirus is threatening to expose the Achilles heel of the U.S. economy: heavily leveraged companies. As the economic expansion stretched into a record 11th year, and interest rates stayed at ultralow levels, business debt ballooned and now exceeds that of households for the first time since 1991.

As Recession Fears Mount, Eyes Turn to the American Consumer

As political leaders grapple with how to address the economic fallout, success may ultimately come down to one factor: the American consumer.

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