Bank of America says $1 trillion in high-yield debt accumulated in the past five years is about to have a 'day of reckoning'

Bank of America says $1 trillion in high-yield debt accumulated in the past five years is about to have a ‘day of reckoning’

Photo by DON EMMERT/AFP/Getty Images Bank of America has warned that about $1 trillion in private debt is heading into potential trouble. Most of this debt was created by companies with a lower investment rating through high-yield loans or bonds. About $400 billion of assets are considered to be in “pre-distress,” while $150 billion in…

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Bitcoin's problem may be bond yields

Bitcoin’s problem may be bond yields

It was 24 hours in the wilderness bitcoincapping a bearish week after a wave of negative headlines and a rally in bond yields that pushed prices to the $25,000 level before rebounding slightly on Friday. The largest cryptocurrency by market capitalization is down for the sixth consecutive day with losses exceeding 11%, according to a…

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Legendary investor Jeremy Grantham warns a recession is coming and the Fed's rosy forecasts 'almost guaranteed to be wrong'

Legendary investor Jeremy Grantham warns a recession is coming and the Fed’s rosy forecasts ‘almost guaranteed to be wrong’

Despite nearly two years of stagnation Forecasts Powered by the top minds on Wall Street, billionaire investors, and former Federal Reserve officials, the United States has yet to suffer an economic downturn. With a strong job market and fading inflation in the face of sharp interest rate increases, some experts did turned to the upsidearguing…

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