Corporations have had the wind at their backs with low interest rates. This lead to record levels of corporate debt issuance, which has surpassed 45% of GDP. There are now over $4trillion in corp. bonds due over the next 5 years. Companies will be forced to refinance at high rates or sell stock, which could weigh on earnings.
Market Updates
Sarbanes Oxley: Fewer IPOs and Heavier Fees
Jim Gore explores the decline in publicly listed U.S. companies since Sarbanes-Oxley, IPO market cap trends, and the true cost of private equity fees.
