Five Charts That Show Credit Complacency Is Fracturing
Tariffs are expected to dent the growth of the world economy and fears are growing that the policies will lead to stagflation in the US.
Photographer: Nathan Howard/BloombergCorporate debt’s halcyon days are showing signs of fading, with trade wars damping what had been a relentless demand for credit.
“Cracks that appeared in the credit market last week culminated into a fracture this week,” Bank of America Corp. strategist Neha Khoda wrote in a note, adding that markets are now pricing in a recession.