
Polus Adds Credit Shorts, Sees Default Mountain Ahead
The Credit Edge by Bloomberg Intelligence
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The Risks of Misallocated Credit in a Post-Pandemic Economy
This chapter explores the challenges of misallocated credit stemming from low interest rates since the global financial crisis, focusing on the growth of sub-investment grade credit. It highlights the risks associated with high yield debt and the troubling imbalance between credit growth and GDP growth as interest rates begin to rise.
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