The Fed Has Already Admitted Where the Next Crisis Will Start

For those how pay attention, the Fed has already broadcast what the next crisis will be…

Corporate bonds…

When the Fed cut interest rates to zero in 2008… and held them there for even years straight… it gave the “green light” to corporations to go on massive borrowing spree.

After all… if you’re the CEO of a company… and taking on debt suddenly costs NOTHING… why wouldn’t you start borrowing?

It took US corporates 50 years to hit $3 trillion in debt… they DOUBLED that in eight years thanks to the Fed’s Zero Interest Rates Policy (ZIRP).

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