“Beinner highlights the increase of global debt, now upwards of $237 trillion and the way the debt has been dispersed as risks to the economy. Rather than banks holding most of the debt as it happened in the financial crisis, this time it’s hedge funds, private equity and investment managers holding most of it. Also worrisome, he says, ratings agencies are again being overly generous with their appraisals allowing for companies with very high debt levels to gain investment-grade ratings.”
Read more: https://finance.yahoo.com/news/fund-managers-say-see-next-economic-crash-looming-144251620.html
Related posts:
Venezuela running out of toilet paper
Student Loan Consequences: Real, Costly, and Personal
Secret flower planter threatened with arrest if he doesn't stop planting flowers
US Government Spends Millions Building Roads Overseas
Air Force Bans Greek Yogurt With Hemp Seeds Over Anti-Drug Policy Concerns
The biggest Bitcoin win in gambling history
Mining’s bearish pendulum swinging, but half of execs retiring
NH City Continues Parking Meter 'Robin Hood' Suit, At Taxpayer Expense
DoJ: If we can track one American, we can track all Americans
Bush says ‘civil liberties were guaranteed’ under his NSA Internet surveillance
Thousands of US Troops Arrive Near Syrian Shore on USS Eisenhower
Persian Handmade Shoes: Why Bitcoin
The worst state budget gimmicks of 2013
Who Says the Market Cannot Supply Its Own Money?
U.S. Court: Journalist Barrett Brown Can't Talk To The Press Any More