I think corporate debt is one of the main bubbles in this cycle, worldwide.
Just to support that look at this amazing chart of corporate leverage.
assets.bwbx.io/images/users/iqjWHBFdfxIU/ibAhOFLu2q_Y/v2/1000x-1.png
As John Hussman tweeted “… and remember, the 2009 debt/EBITDA peak reflected weak operating margins; the recent peak is on near-record ones.”
Mike Malony on Final Bubble Pop
youtu.be/csog_ExwHgM
Views: