Heresy Financial
Feb 21, 2023
Many investors are on the lookout to find where the next black swan might come from that could take down the markets.
And it looks like it might be hiding in plain sight in the junk bond market. Basically, you have companies that have, number one, a high amount of debt. Number two, they have debt at very high interest rates. And number three, they have overstated their future earnings to the point where they may not be able to repay their debt.
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