The Deterioration of America’s Corporate Balance Sheet

Screen Shot 2015-10-17 at 4.32.48 PM

I don’t comment frequently on the state of financial markets these days, but the following article from Bloomberg really grabbed my attention.

It relates to interest coverage ratios across corporate America, and quite frankly, I was stunned to see how badly balance sheets have deteriorated during the recent pitiful cyclical economic rebound which I have dubbed the oligarch recovery.

From Bloomberg:

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.