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Thinking We'll Avoid Recession Is Delusional | Michael Green

Wealthion - Be Financially Resilient

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The High Yield Universe

At current interest rates that they're paying on the existing that they hold, about 85 percent of the companies in the index are profitable. But if they re-rate to what you're seeing as what new issuances are charging, it drops to 7%. That is frightening. I mean, some would call that kind of apocalyptic. And we're seeing an extraordinary increase in corporate bankruptcies. Because suddenly the collateral is worth significantly less.

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