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.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode