SELL! SELL! SELL! Off-Road Industry Debt - Stupid Mega-Debt, now crushes the marketplace. Polaris, 4WP Four Wheel Parts are among the fat pigs in the room

Huge, Risky Corporate Debt Threatens to Collapse the entire  U.S. Economy

The historic surge in off-road industry corporate debt was a problem even before coronavirus became a pandemic. But as corporate borrowers get downgraded due to the health crisis, servicing their debt will become more onerous, expensive and ultimately will fail. 

According to The Wall Street Journal, a subset of the now $10 trillion corporate debt mountain could be in serious trouble. That’s because roughly $1.2 trillion of that total is in leverage loans and junk-rated debt “secured by corporate assets much like mortgages are backed by home".

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Bank of America asset manager 'Mark', who refused to give his last name to the press, said this morning, "the entire US economy is in a slow, implosion, destroying the entire American marketplace", he continued, "Bank of America is watching main street USA, die". 




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