Corporate debt nears a record $10 trillion, and borrowing binge poses new risks
Debt is everywhere and despite what many now seem to think, it has a cost. Add current student and consumer debt levels to this equation.
(From Greenwich Time)
Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge – this time by major corporations – threatens to unleash fresh turmoil. A decade of historically low interest rates has allowed companies to sell record amounts of bonds to investors, sending total U.S. corporate debt to nearly $10 trillion, or a record 47% of the overall economy.