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6min chapter
'The Next Bankruptcy Wave is Just Starting'
Stansberry Investor Hour
The Credit Market and the Credit Bubble
All the warning signs I'm seeing are telling me the same thing, a recession is coming. We're going to see the credit market, credit bubble pop very soon and it's going to start this year. The high yield credit spread could blow out to more than 1,000 basis points again. That makes your job hard, doesn't it, Mike? You're the credit guy. Until we get there, your job is hard.
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