from Zero Hedge
Remember when nearly a decade ago, just before the last credit bubble burst, investors (at least those who cared about fundamentals) were loading up on risk – after all “the music was still playing” – but casting fearful glances at the relentless rise in corporate leverage ratios as debt-to-EBITDA was rapidly rising, if not as fast or to levels hit during the dot com bubble, aware that it would all end badly? Well, take one look at the chart below…
But first some commentary from Barclays: