You cannot go anywhere these days without talk of de-leveraging. Basically the talk that the private sectors, both corporations and individuals, are living within their means, saving more, and taking on less debt. However, I started to doubt this idea of a massive de-leveraging taking place, when I saw headlines about the record amounts of corporate bond issues coming to market.
To see a list of high yielding CDs go here.
The amount of US corporate debt is increasing at the same time more corporate debt is coming to market.
New issuance of US corporate debt will hit an all time high this year. The last time we were at these levels was during the euphoric time of 2007.
(2012 number is an estimated on the first 10 months of data)
In the first half of 2012, the amount of outstanding debt increased by $270 Billion.
(number for full 2012 is an estimate)