It’s Simple: The US Has A “Grotesque” Debt Problem

The last time SocGen strategist Andrew Lapthorne commented on the extent of the massive US debt problem, was back in November when the outspoken analyst didn’t hold back as usual, emphasizing “risks associated with highly leveraged US companies, particularly among the smaller capitalisation names” and warning that “US corporate leverage is abnormally high for this stage in the cycle and a handful of cash-rich mega caps are masking significant problems elsewhere.”