We had $18 trillion of negative yielding debt at its peak. Today we have zero. Unbelievable. If there is a good side to this, it's that corporate America was smart about their balance sheets and banks aren't overleveraged. The consumer is still reasonably strong, although credit card debts are starting to rise. But they're stronger than they've ever been at this moment.
Bloomberg News Editor-at-Large Erik Schatzker discusses the overhaul of Bridgewater Associates following founder Ray Dalio stepping down as head of the hedge fund. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Cyber and Emerging Tech Reporter Katrina Manson provide the details of Katrina's Businessweek Magazine story Russia’s Viasat Hack Exposed Satellite Industry’s Security Flaws. Bloomberg News Consumer Finance Reporter Paige Smith explains how car debt is piling up with more buyers $10,000 underwater on loans. And we Drive to the Close with Leo Kelly, CEO at Verdence Capital Advisors.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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