Credit Is a Cycle: Global Market Outlook
Never has the global mountain of debt—both corporate and fiscal—been higher than it is now. As BBB-rated corporate debt overtakes investment grade and the credit cycle slowly turns, are investors underestimating the risk (and opportunities) of deteriorating credit and downgrades? Will the Federal Reserve continue its timid stance towards rate hikes, and is Modern Monetary Theory the harbinger of a switch from monetary to fiscal expansion? Join some of the most prolific investors as they outline their current assessment and outlook of the credit market.