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I see the above comment downvoted, but it seems correct to me. For example, Assicurazioni Generali[0], just emitted a new 10y bond for €1B. That would increase
by riffraff 7y ago
I see the above comment downvoted, but it seems correct to me. For example, Assicurazioni Generali[0], just emitted a new 10y bond for €1B.
That would increase the total corporate debt of the world, but Generali has a higher credit rating than most governments, so why is that significant?
[0] https://en.wikipedia.org/wiki/Assicurazioni_Generali https://en.wikipedia.org/wiki/Assicurazioni_Generali
- take_a_breath 7y agoIt’s not significant because $1 billion is 0.01% of the total. Also, this article is about US corporate debt specifically. What is significant is this quote: “sending total U.S. corporate debt to nearly $10 trillion, or a record 47 percent of the overall economy.”