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High interest rates and economic uncertainty are behind recent rise in corporate defaults

https://www.cnbc.com/2023/06/24/high-interest-rates-economic-uncertainty-boost-corporate-defaults.html

The corporate default rate is up and rising as interest rates remain elevated, making it more expensive for companies to refinance debt.

1 comments

shortwavesurfer

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Its only going to get worse from here. Tbh what we will see is all the zombie companies that should have failed years ago finally go under. Small recessions are a good thing as it clears the underbrush out of the business forest while giant downturns are like a fire that has tons of underbrush to burn and gets hot enough to burn the big trees too.