23/09/18

Goldman Warns Of A Default Wave As $1.3 Trillion In Debt Is Set To Mature



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Goldman Warns Of A Default Wave As $1.3 Trillion In Debt Is Set To Mature
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Ten years after the Lehman bankruptcy, the financial elite is obsessed with what will send the world spiraling into the next financial crisis. And with household debt relatively tame by historical standards (excluding student loans, which however will likely be forgiven at some point in the future), mortgage debt nowhere near the relative levels of 2007, the most likely catalyst to emerge is corporate debt. Indeed, in a NYT op-ed penned by Morgan Stanley's, Ruchir Sharma, the bank's chief global strategist made the claim that "when the .....

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