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Lippmann of big short fame says corporates will cause next pain
As has been noted here during the past year or so; corporate debt funding via issue of bonds has been a very large boat load. Companies have not been buying other companies, etc. with cash sitting in the company safe. Bonds, bonds and more bonds. You will have to judge for yourself from info in this 5 minute video from yesterday (May 1) about the prospects of too many I.G. bonds.
