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Here's what could really sink the global economy: $19 trillion in risky corporate debt

johnNjohnN
edited March 2020 in Fund Discussions
http://www.wicz.com/story/41895546/heres-what-could-really-sink-the-global-economy-19-trillion-in-risky-corporate-debt

/Here's what could really sink the global economy: $19 trillion in risky corporate debt
Posted: Mar 14, 2020 2:32 AM CDT

By Julia Horowitz, CNN Business
Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets./

We may have to monitor the junk bonds closely, value declined significantly few wks. Difficult tell if they recover in short terms especially oil energy sectors

Comments

  • WABACWABAC
    It's nice to see a Fox affiliate posting content from CNN.

    ;-)
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