Last year $435bn-worth of junk bonds were issued. As a result, the average high-yield borrower now has debt equivalent to an unprecedented six-and-a-half times their trailing 12 months’ gross operating profits, or EBITDA. Is a wave of defaults coming?
economist.com/finance-and-ec… https://t.co/bwjWFIPAa9
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…