Pt 1: Looming Credit Default Risk & The Fall of Zombie Companies
bmpro.substack.com
S&P 500 closes below 3600 today, negative for the quarter and month. Corporate credit risk rises alongside interest rates and the bill for zombie companies is due. Overheated valuations are unwinding.
Pt 1: Looming Credit Default Risk & The Fall of Zombie Companies
Pt 1: Looming Credit Default Risk & The Fall…
Pt 1: Looming Credit Default Risk & The Fall of Zombie Companies
S&P 500 closes below 3600 today, negative for the quarter and month. Corporate credit risk rises alongside interest rates and the bill for zombie companies is due. Overheated valuations are unwinding.