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- Even though a bunch of US economic indicators are looking good and interest rates are low, half of investment-grade corporate bonds are just one notch above junk status.
- This could be because levered US corporates have used their debt in ways that aren't productive for the economy and don't contribute to corporate profitability.
- That means that as the economy shows signs of slowing, weak hands could have a harder time servicing their debt.
- This is an opinion column. The thoughts expressed are those of the author.
- Visit Business Insider's homepage for more stories.
"Our economy is the best it's ever been," President Donald Trump said while touting his administration's policies during his State of the Union speech this week.
He cited a rising stock market, low unemployment numbers, and rising wages — which have yet to compare to precrisis boom times but are still inching up — all as reasons to rejoice.
See the rest of the story at Business Insider
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See Also:
- The domination of tech giants like Uber and Facebook isn't a problem — it's part of a natural cycle
- Trump can't win reelection by hiding behind the economy
- WeWork is the perfect example of why employees should not expect our workplaces to meet every physical, social, and spiritual need
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