The Makings of a Debt Crisis: Corporate Debt Soars While Credit Ratings Fall

Two big news items in the last 24 hours have grabbed my attention. The first is Congress’s approving a bill to roll back the Dodd-Frank Act. If this passes, smaller financial institutions will find relief from the strict rules that have applied to Wall Street banks since after the 2008 crisis. This is sheer idiocy! … Continue reading The Makings of a Debt Crisis: Corporate Debt Soars While Credit Ratings Fall