As The Credit Cycle ‘Turns’, Global Defaults Surge To 6-Year Highs…(Credit Breaks…Trucks Stop)
by Tyler Durden
ZeroHedge.com
12/03/2015
After asking rhetorically “if something just blew up in junk,” as CCC-yields explode to crisis-peak levels – suggesting something “spectaculor” is occurring as one trader noted, The FT reports that, according to Standard & Poor’s, companies have defaulted on $78bn worth of debt so far this year with 2015 set to finish with the highest number of worldwide defaults since 2009.
Something is wrong…
The Rest…HERE
