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.


Source: https://www.ac2news.com/2019/12/corporate-debt-nears-a-record-10-trillion-and-borrowing-binge-poses-new-risks/

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