We hear every about the ever-impending economic collapse- some believe we, as a society, are even due for one. It’s true that after a certain amount of time passes, some kind of implosion is likely to occur. It will seem like the end of the world to a lot of people, but luckily for you, […]
When the next corporate default wave comes, it could hurt investors more than they expect. Losses on bonds from defaulted companies are likely to be higher than in previous cycles, because U.S. issuers have more debt relative to their assets, according to Bank of America Corp. strategists. Those high levels of borrowings mean that if […]
HSBC chief economist Stephen King is already thinking about the next recession. In a note to clients Wednesday, he warns: “The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers.” Here’s King (emphasis added): Whereas previous recoveries have enabled monetary and fiscal […]
