Some light reading on the world's finances ---
" The problem with leveraged loans is that they have a low credit rating, and the rating resets — downward — if interest rates go up. And interest rates are going up. A lot of investors automatically sell their debt holdings when they get downrated — so this is a pile of $2.5 trillion in high-risk debt resting on a series of negative rating triggers.
If this sounds a lot like the junk-bond crisis of the late 1980s and early 1990s, that's because it is."
Hehe, here's another --
" 9. Britain: Brexit has left the world's 5th-largest economy without a plan
The UK is the fifth-largest economy on the planet and yet it does not have a functional economic or trade plan for after March 2019, when its break from the EU is due.
That's madness."
http://uk.businessinsider.com/why-globa ... me-2018-10" onclick="window.open(this.href);return false;