Predatory capitalism is swallowing itself by the tail; the only way out is a debt jubilee; fraud vitiates everything; in peace
Source: Casey Research, by Doug Casey
Corporate debt is getting out of control.
If you’ve been reading the Dispatch, this isn’t news to you. For months, we’ve been pointing out that U.S. corporations are borrowing massive sums of money.
They’ve borrowed almost $10 trillion in the bond market since 2008, including a record $1.5 trillion last year.
You may not think Corporate America’s debt addiction is your problem. After all, you aren’t the one who borrowed far more money than you can ever pay back.
But, as you’ll see, this debt is a huge threat to anyone with money in the stock market.
• Standard & Poor’s (S&P) issued a troubling warning this month…
S&P is one of America’s biggest credit agencies. It monitors the financial health of Corporate America.
Recently, S&P looked at the balance sheets of 2,000 U.S. corporations. It published the results of this…
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