Things are Getting Better!?! - OK Boomer - OK Millennial -OK Z’er -John Rubino #4560
Nov 12, 2019 ·
23m 29s
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Description
CLO (collateralized loan obligation) markets starting to tank. Market for risky corporate debt is softening and turning to real junk. Even the WSJ ran a story about people going even...
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CLO (collateralized loan obligation) markets starting to tank. Market for risky corporate debt is softening and turning to real junk. Even the WSJ ran a story about people going even further into debt. There's ever more underwater car loans because of negative equity in the consumer's current auto. By rolling over the balance into a new loan, they’re effectively paying interest on interest. How can all of this end well for the country or the consumer?
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Information
Author | Kerry Lutz |
Website | - |
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