Generally something causes it. What would it be this time? Trade war?
I think that will be a contributing factor.
To me the most likely culprit will be the debt, especially in the corporate sector coupled with a slowing economy world wide.
I read a couple months back that corporate debt to GDP is at it highest level ever recorded, and more than half of it is in BBB bonds.
Couple this with record high consumer debt levels, and a larger than normal portion of that is in non-housing debt.
Add in the ever rising governmental debt and something will have to give.
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