Corporate Debt: The Key Financial Vulnerability
Submitted by gjohnsit on Wed, 12/05/2018 - 12:40pmThe next financial crisis (there will always be a "next financial crisis" in capitalism) will not look like the last one. The reason is because working class consumers were mostly locked out of the credit markets from 2008 until recently.
The only exceptions for consumers were auto loans (which is too small of a market to cause a financial meltdown) and student loans (which is almost entirely backed by the federal government).