by Pater Tenebrarum
Taking Off Like a Rocket
There are actually two problems with corporate debt. One is that there is too much of it… the other is that a lot of it appears to be going sour.
[…] As a brief report at Marketwatch last week (widely ignored as far as we are aware) informs us:
“Businesses racked up debt in the January-to-March period at the fastest pace in three quarters, according to data released Thursday.