Treasury sell-off piles pressure on weakest US borrowers.
“Any company that was built in a zero-interest-rate environment is just not built to sustain higher interest rates for a long time,” said Henry Song, a portfolio manager at Diamond Hill. “They’re basically hanging on at this point.”
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This is a new addition/excerpt from the 2nd edition of Redacted Science - available soon. In essence, Redacted Science boils down to a biologic battery enabled by Candida albicans.