“When the economy slows down, companies in poor financial shape feel the pain first. That’s why junk bonds often point out problems before other assets do. On Monday, one of the biggest junk bond ETFs hit its lowest level in over six years. Yesterday, Financial Times reported that half of all corporate bonds have a junk rating, and that companies are defaulting on bond payments at the highest rate since the financial crisis. Last month, The Wall Street Journal reported that corporate downgrades are at their highest level since the Great Recession. The Federal Reserve has encouraged companies to borrow obscene amounts of money, which is a big reason for this mess…”
http://www.caseyresearch.com/articles/we-havent-seen-this-big-red-flag-since-the-great-recession
Tip Freedomwat.ch Staff with Bitcoin