Now It’s Even Worse Than It Was When Lehman Collapsed, But It’s “Contained”
Now It’s Even Worse Than it Was When Lehman Collapsed, But It’s “Contained” by Wolf Richter, http://wolfstreet.com/ “Distress” in Bonds Spirals into Financial Crisis Conditions The pile of toxic corporate bonds in the US, euphemistically called “distressed” debt, ballooned 15% in the single month of February to $327.8 billion, up 265% from a year ago, according …