⚠️Leverage loan defaults high for 22 months! Economic alarm is flashing
The U.S. leverage loan default rate has remained above 4% for 22 consecutive months, matching the record from the 2008–09 financial crisis💥, and it continues. This is not a liquidity shock, but a signal of corporate cash flow being long-term squeezed in a high-interest-rate environment.
It is worth noting that this pressure is more concentrated on #私募股权 , #Clo , and non-bank credit, unlike the direct impact on the banking system in 2008📉. Long-term high defaults mean that corporate investment, mergers and acquisitions, and capital expenditures will be suppressed, and the economic downside risk is gradually increasing.
For the market, risk asset pricing is more discerning—strategies that rely on cash flow and structured income are more favored💡. AI hype drives sales and financing, but #BTC /crypto is more reliant on liquidity and is more affected by high interest rates and policies. The correlation between tech stocks and Bitcoin has also become more apparent; otherwise, prices would have halved long ago💣.
