That is the natural debt cycle. Corporations need to learn that they shouldn’t go deeply into debt to buy back stocks while producing unprofitable woke garbage.
except the money came from QE in the first place, handed to phony private equity firms under the control of blackrock and vanguard. it's why the asset markets track to QE with perfect correlation.
in other words, your inflation losses already paid for the unprofitable woke garbage whether you like it or not.
If interest rates get too high, corps won’t be able to service their secured debt (bonds). Bond default equals bankruptcy.
That is the natural debt cycle. Corporations need to learn that they shouldn’t go deeply into debt to buy back stocks while producing unprofitable woke garbage.
except the money came from QE in the first place, handed to phony private equity firms under the control of blackrock and vanguard. it's why the asset markets track to QE with perfect correlation.
in other words, your inflation losses already paid for the unprofitable woke garbage whether you like it or not.
Except when it happens to a whole bunch at the same time.
Yes that is a problem. We should be very upset with the Federal Reserve.
It shouldn’t exist.