Global Corporate Defaults Just Hit 100, On Pace To Surpass Financial Crisis Record
Large companies are defaulting on their corporate bonds in a strikingly uncanny repeat of the global financial crisis. With markets at its all time highs and increased market uncertainty, is something big about to happen?
Corporate debt defaults are a bellwether for the overall economy. Companies and producers are affected first by economic trends, through decreased sales to more difficulties raising capital. These headwinds are then passed on to employees, ranging from salary freezes to layoffs and more. This is why the Federal Reserve looks at the supplier price index instead of the consumer price index.
Maybe it's time to load up on crypto.