Friday, March 22, 2019
Bretton Woods and corporate defaults
In the Eatwell and Taylor book, Global Finance at Risk, they had, I think, a graph with the percentage of corporate bonds in default in the US (I don't have the book here, it's my office). I think this is a close one, with data that is more recent (from this Moody's report).
The graph shows corporate bond default rates (and also the speculative-grade bond defaults). Note that defaults fall significantly during the Bretton Woods era of capital controls and low interest rates.
Subscribe to:
Post Comments (Atom)
-
By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...
-
There are Gold Bugs and there are Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s... -
"Where is Everybody?" The blog will continue here for announcements, messages and links to more substantive pieces. But those will...
No comments:
Post a Comment