Nov 5, 2019
First we begin from a warning about the stock market from Andrew Sheets at Morgan Stanley. and highlight some issues with a record corporate debt to GDP, the Huge Drop in cash at US corporations which has fallen 15%. The potential for failing companies and bond downgrades grows by the day. The we get into a recent note to Investors from Goldman sacs they also focus on corporate debt and the fact that most of the companies in the S&P show deteriorating earnings and revenues.
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