Guggenheim's Minerd Sees Defaults, U.S. Recession on the Horizon
Guggenheim's Minerd Says It's Costing More to Borrow Short-Term
This article is for subscribers only.
Companies that went on a borrowing binge may default on their debt as interest rates increase and the prospect of a recession grows, according to Scott Minerd, chief investment officer of Guggenheim Partners.
After skirting defaults and bankruptcies during the last recession, corporations may not be as lucky this time around, Minerd said in an interview on Bloomberg TV on Wednesday.