Beneath the market euphoria, reality plods forward.
Up 137% since Q4 2014.
“Hangover from years of lenient credit may become painful.”
When a PE firm is through strip-mining a company.
And then there’s S&P’s “pessimistic scenario.”
There still hasn’t been a major bankruptcy.
Default Rate Highest since 2009, US Distress Ratio Soars.
Moody’s Warns about Credit Crunch, Unnerves with Comparisons to 2008!
The Next Debt-Clearing ‘Super Cycle’ Starts Now.
“Fear has become a strong undercurrent”: S&P Capital IQ LCD