Skulderna ökar i rekordtakt samtidigt som företagen blir sämre på att betala på lånen och vinsterna fortsätter o falla. När öppnas fall luckan?????????
This chart shows how much debt non-financial corporations owe relative to GDP. The higher the ratio, the more outstanding corporate debt there is relative to the size of the economy.
You can see this key ratio is approaching a record high. The last three times corporate debt raced ahead of the economy like this, recessions followed.
You can see in the chart below that the number of delinquent commercial loans (30 days or more) has soared to new highs. Delinquencies are rising faster today than they did during the last financial crisis.
Today’s chart shows the S&P 500 and the trailing 12-month earnings for companies that make up the index. You can see earnings stopped growing in 2014.
Since then, earnings have kept falling. As we said earlier, Wall Street expects them to decline again next quarter. That would mark the fifth straight quarter of declining earnings, which is the longest such streak since the 2008–2009 financial crisis.
Meanwhile, the S&P 500 hasn’t set a new high in over a year. But it hasn’t fallen much, either.
With earnings in decline and stocks going nowhere, investors are paying more for every dollar S&P 500 companies earn. In other words, even though stocks aren’t rising, they’re getting more expensive.