, Columnist
There’s a Lot of Debt Out There. So What?
Sure, bond markets have given investors new things to think about recently. But they’re working smoothly and there’s no cause for panic.
Bear market?
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
There are lots of reasons to fret about debt. And more reasons not to.
There is certainly a lot of debt out there. Federal, state and local governments have accumulated a record $27.9 trillion of debt financing. U.S. companies are selling the most debt in a decade.