If we’re on the brink of a deepening default cycle, U.S. corporate debt hasn’t gotten the message.

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The Fed Did a Lot of Talking Yesterday about a Big Bank Failure: Should We Worry?

Turns out the federal government’s plan for dealing with a mega bank failure on Wall Street is no better conceived than the federal government’s plan for dealing with the worst pandemic since 1918.

Junk Bonds Won’t Save Everybody From Going Bust

investors need to remember that speculative-grade companies aren’t immune from going bust, no matter how wide open the debt markets might be. Junk-rated bonds, backed by a business that can’t make it through the pandemic, are just junk.

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