'Debt crisis: a $46 trillion problem comes sweeping in'
by Jeremy Warner, Associate editor, 28 May 2012
"Bad stuff, they say, comes in threes. We've already got the banking and the eurozone
sovereign debt crises. Next comes the corporate funding crisis.
"Just as you thought things couldn't get any worse, credit markets are about to be hit
by a veritable tsunami of maturing corporate debt. Standard & Poor's estimates that
companies in Europe, the US and the major Asian economies require a combination
of refinancing and new money to fund growth over the next four years of between $43
trillion and $46 trillion. The wall of maturing debt is unprecedented, raising the prospect
of further, extreme difficulties in credit markets." . . . more -
http://www.telegraph.co.uk/finance/...-a-46-trillion-problem-comes-sweeping-in.html
by Jeremy Warner, Associate editor, 28 May 2012
"Bad stuff, they say, comes in threes. We've already got the banking and the eurozone
sovereign debt crises. Next comes the corporate funding crisis.
"Just as you thought things couldn't get any worse, credit markets are about to be hit
by a veritable tsunami of maturing corporate debt. Standard & Poor's estimates that
companies in Europe, the US and the major Asian economies require a combination
of refinancing and new money to fund growth over the next four years of between $43
trillion and $46 trillion. The wall of maturing debt is unprecedented, raising the prospect
of further, extreme difficulties in credit markets." . . . more -
http://www.telegraph.co.uk/finance/...-a-46-trillion-problem-comes-sweeping-in.html