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This is something that we heard about for years. Yet, in spite of the forecasts, these companies keep pushing forward. The reason this was possible is because of "Ponzi Debt" whereby these companies keep acquiring more debt to meet their ongoing expenses, including debt servicing.
In this video I discuss how interest rates and the upcoming economic headwinds are starting to make financing tighter. With the 30 year over 3%, many investors are going to start heading there as opposed to chasing yield via junk bonds. This is going to spread throughout the economy.
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