Financial Crisis 2019-2023 Central Banks Warning About Toxic Corporate Debt CDO’s (Video)
Financial Crisis 2019-2023 Central Banks Warning About Toxic Corporate Debt CDO’s Video – Silver Report
Economic collapse news. They are back at it again. The consensus is CDO’s made of mortgage back securities is what amplified a housing collapse into a full blown financial crisis in 2008.
Well CDO’s are back with a much riskier loan backing them… Corporate debt has really gone out of control in the era of ultra low interest rates. Corporations have tacked on massive volumes of debt now central banks are warning and looking into the rising exposure of major financials to these products. We take a look at this massive debt wall over the next few years that could turn the corporate bond world upside down. At least the last time they had houses for collateral.
This time only 20% of the loans offer any real security. low lending standards + low interest rates + High risk appetite + wall of maturing debt = Financial crisis 2019-2023.