That's specifically focusing on debt-driven buybacks and leverage, which is come down significantly since the dates in the article: https://www.federalreserve.g

That's specifically focusing on debt-driven buybacks and leverage, which is come down significantly since the dates in the article: https://www.federalreserve.gov/publications/April-2025-financial-stability-report-Borrowing-by-Businesses-and-Households.htm https://www.federalreserve.gov/publications/April-2025-finan... Metrics like debt service costs to cashflow are also relatively healthy.