The Coming Global Credit Crisis in the Capitalist Periphery

This article begins with Turkey’s debt and currency crisis but does not end there.
Almost half of US companies are rated BBB, which Michael Roberts says is just above junk bonds. With the cost of servicing current debt on the rise, banks are less willing to insure credit, especially to countries on the capitalist periphery.
By Michael Roberts on CADTM
Image from chapplerei.com 

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