“It Always Is Debt That Gets You”

Economist Diane Swonk, in just over a minute, pretty well sums up our overall messaging herein of late.

Which is, the consumer’s in decent shape, the industrial space isn’t, and there’s huge risk in the corporate bond market. 

When she talks about “the next traunch up” in corporate debt, she’s referring to the BBB risk I’ve been pounding on the past few weeks:


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