The Debt Bubble
Chapter 5 of Nouriel Roubini's interview with Ash Bennington: GREAT RECESSION OR GREATER DEPRESSION?
Has coronavirus struck the United States and its economy during a debt bubble? Famed economist Dr. Nouriel Roubini explains his view that a bubble of debt has been lurking below the surface in the corporate sector. In this episode, Roubini discusses the shadow banking system, collateralized mortgage obligations, junk bonds, leveraged loans, covenant light debt, investment grade bonds that have become ‘fallen angels,’ and the general decline of credit standards that he believes has led to system-wide toxicity. Hosted by Real Vision’s Ash Bennington.
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