Is There a Real Risk of a MassDefault Wave?

I've been on this, you know, kick since the start of the year that I think there's a credit event out there. So it seems likely that there's going to be a real risk that companies may not survive. It's an important function to have the zombies fail, right? And these zombie companies are floating around tons of capacity when you don't need it. That depresses prices even further.

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