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Stephanie Pomboy: Count On A LOT Of Pain Before The Fed Pivots

Wealthion - Be Financially Resilient

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The Current State of the Economy: Increasing Bankruptcies and Ratings Downgrades

This chapter analyzes the current state of the economy, highlighting the rising number of bankruptcies and ratings downgrades. It examines the acceleration of downgrades, the market shift towards junk borrowers, and the hesitation of investment grade borrowers. Additionally, it discusses how the interest rates for junk borrowers have doubled since the Fed started raising rates.

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