...330% is still a massive number and one has to look not just at the absolute levels of private sector debt but the nature of that debt. It is beginning to resemble 2007 all over again. Despite Fed jaw boning, the growth of overall corporate credit and, in particular, junk credit has increased. Here is a chart of leveraged loan growth through the end of last year;....Macrobits by Marshall Auerback
The Bulk Of Deleveraging Is Not Over
Marshall Auerback
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