The Rabid Capitalist

Professor Glenn A. Okun

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

Moody’s reported that the U.S. default rate will increase to 5.5 percent in 2026 in its “modestly pessimistic” forecast, and 9.3 percent in its “severely pessimistic” scenario. Private equity-backed firms are much more likely to default than other private companies. Tariffs will exacerbate these liquidity issues.

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