The Coming Credit Meltdown Will Be As Bad As The Great Depression And The Financial Crisis: Deutsche

• The Coming Credit Meltdown Will Be As Bad As The Great Depression And The Financial Crisis: Deutsche
  by Tyler Durden, https://www.zerohedge.com/
  With investor attention increasingly focusing on what most believe will be the catalyst for the next financial crisis, namely a tsunami in corporate defaults as a result of the disastrous combination of record leverage, higher rates and an economic slowdown, overnight we presented the view of FTI global co-leader of corporate finance and restructuring, Carlyn Taylor, who predicted that “a spike in defaults is on the way, sooner or later.”
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  The expansion is pretty long in the tooth and there’s definitely a lot of buildup. The activity level of restructuring is rising, maybe not at the rate of bankruptcies, but the pipeline of companies we think are going to end up in restructuring, based on metrics that we analyze, that volume has gone up. And we’re so busy, which we don’t think is just market share, because we think our competitors are also very busy.
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  Yet while investor worries have centered on record corporate leverage…
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