Highly levered and priced for perfection is always a train wreck waiting to happen. This podcast gives a taste of the debt dominoes that coronavirus has set in motion.
Companies have taken on more and more of a particular type of risky debt over the last five years, amounting to $1.2 trillion in outstanding loans. WSJ’s Matt Wirz explains why that debt could make things much worse for an economy already in turmoil.
Here is a direct audio link.
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