A $500 billion corporate-debt storm builds over global economy

Bloomberg/Jeremy Hill and Lucca De Paoli/7-18-2023

graphic illustration of a row of dominoes with a red dominoe ready to fall into the restgraphic image of a book and reading glasses A Good Weekend Read“It feels different than prior cycles. You’re going to see a lot of defaults.” – Richard Cooper, Cleary Gottlieb

USAGOLD note: The possibility of a full domino effect cannot be ruled out, in our view, and it could begin anywhere without warning.


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