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Opinion | The Big, Dangerous Bubble In Corporate Debt - The New York Times

by nytimes.com posted 1year ago 49 views
The $30 trillion domestic stock market seems to get all the attention. When the stock market sets new highs, we instinctively feel things are good and getting better. When it tanks, as happened in the initial months of the 2008 financial crisis, we think things are going to hell. But the larger domestic debt market — at around $41 trillion for the bond market alone — reveals more about our nation’s financial health.

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