Look at the financial system today. There are two sides here. One side will ignore reality and tell you everything is just fine. The other side shows the extreme fragility that has only been made weaker since the Financial Crisis. The odd part is that no matter how strong a bubble can become, it is always ignored until it’s too late. Today, garbage level debt is expanding at the fastest rate ever and that will impose great hardship in the next Financial Crisis. I hope you have your seatbelts on. We’re in for a wild ride.
Corporate Bonds at Risk of Crash on Abrupt Downgrades, BIS Says
Central bankers’ bank warns of danger of bonds to markets
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Fed’s Kaplan calls for vigilance on corporate debt levels – MarketWatch
Corporate Debt Rattles Economists’ Nerves | PYMNTS.com