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Credit Quality Erosion: The Downgrade Cycle (The Big Point)

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

As if the looming commercial real estate and corporate debt maturity paywall was insufficient trouble, the credit quality of outstanding corporate bonds has been suffering erosion as well.  Credit downgrades and negative outlooks have risen recently.  This represents a dual threat to the capital markets. 

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