www.zerohedge.com
Ten years after the Lehman bankruptcy, the financial elite is
obsessed with what will send the world spiraling into the next financial
crisis. And with household debt relatively tame by historical standards
(excluding student loans, which however will likely be forgiven at some
point in the future), mortgage debt nowhere near the relative levels of
2007, the most likely catalyst to emerge is corporate debt. Indeed, in a NYT op-ed penned
by Morgan Stanley's, Ruchir Sharma, the bank's chief global strategist
made the claim that "when the American markets start feeling it, the
results are likely be very different from 2008 — corporate meltdowns rather than mortgage defaults, and bond and pension funds affected before big investment banks."
But what would be the trigger for said corporate meltdown?
According to a new report from Goldman Sachs, the most likely precipitating factor would be rising interest rates which
after the next major round of debt rollovers over the next several
years in an environment of rising rates would push corporate cash flows
low enough that debt can no longer be serviced effectively.
1 則留言:
如果真係爆, 一定壓到老美中期選舉後才爆.
張貼留言