The Junk Debt Binge That Now Threatens Markets

The video discusses the significant increase in debt among 69 junk-rated corporate borrowers over the past five years, highlighting potential risks and the sectors most affected, such as telecommunications and tech. It also examines the concept of the maturity wall, predicting when companies will face refinancing challenges, and suggests that market impacts may occur before the expected 2024-2025 timeline.

What are the potential dangers associated with the increase in corporate borrowing over the past five years?

What are the implications of a potential reckoning in the corporate borrowing market?

Which sectors are mentioned as having increased their debt levels significantly?

What is meant by the term 'maturity wall' in the context of corporate debt?

How might the timeline for corporate debt issues change as the economic cycle continues?