Lacy Hunt: We're Facing A Perfect Storm Of 'Economic Deterioration'
Wealthion - Be Financially Resilient
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The Warning Flag for the Economy
When rates were super low, they levered up and got as much cheap debt as they could. They're paying low interest expense and they're getting more cash interest getting paid back to them. The problem is that's all temporary,. As time goes on, more and more of those corporations are going to have to go out and refinance. And their interest rates are going to re-rate. In most cases, probably around two times as high, right? And twice as high is what they were paying.
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