The Fuse is Lit on the Corporate Bond Market
by Phoenix Capital Research
ZeroHedge.com
05/24/2016
The media continues to claim that the only sectors in trouble of a slow down are commodity players, particularly energy.
It’s a nice narrative: everyone knows that Oil and other commodities have collapsed in value, putting pressure on their producers.
Unfortunately, it’s not true.
The world has been on a massive borrowing binge since 2009.
Below is a chart of the US corporate bond market. Note that it goes absolutely vertical after the Fed cut rates to zero (2008).
The Rest…HERE
