If the corporate bond bubble blows up as expected, looking into credit default swaps (CDS) seems like an intuitive answer. It's basically an insurance against a

If the corporate bond bubble blows up as expected, looking into credit default swaps (CDS) seems like an intuitive answer. It's basically an insurance against a company defaulting on its debt. (Or as some would put it, the financial equivalent of you buying a fire insurance on your neighbor's house, without anyone asking if you happened to be an arsonist.) Doing so comes with a caveat in the current context: if the corporate bond bubble blows up, the main ones taking the hit are the banks. And if that blows up the financial system with it, again, neither taxpayers nor the Fed and the ECB are in a position to save the banking system. So you might end up in a situation where you've a winning lottery ticket but nowhere to collect. An alternative mentioned in sibling comments -- which I completely agree with -- is to wait it out holding cash. This assumes you trust there won't be inflationary pressures. Depending on viewpoint there should be lots of that or deflation. It also assumes you're able to trust some institution to hold your cash and making it available when you need it. IMO that is less of a given, considering current private debt levels, if shit really hits the fan hard. But you never know, perhaps we can survive yet another 2008 type of crisis, and kick the can further down the road yet again.