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Us Junk-bond Defaults May Quadruple

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A default on the debt usually leads to bankruptcy and means that bondholders lose some or all of the money they are owed. Diane Vazza, head of global fixed-income research for S&P, said: “Things are going to get much worse yet. The situation in Europe will follow the US.”
S&P says that 118 corporate bonds, with a combined value of $110.5 billion, face default. This compares with 78 at the end of 2007 and 64 a year ago.

This credit crunch is turning out to be like stepping in a pile of dog crap and walking all over the living room carpet before realizing that you haven't taken your shoes off. It gets everywhere.

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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