I recently discussed one of the biggest potential "flash points" for the financial markets today - corporate debt.
What I find most fascinating is how quickly many dismiss the issue of corporate debt with the simple assumption of "it's not the subprime mortgage market."
Correct, it's not the subprime mortgage market. As I noted previously:
"Combined, there is about $1.15 trillion in outstanding U.S. leveraged loans (this is effectively "subprime" corporate debt) - a record that is double the level five years ago - and, as noted, these loans increasingly are being made with less