The US economy is at risk, and the warning is coming from ‚the lowest of the low‘
„If our analysis is correct, today’s elevated level of US investment-grade and high-yield credit spreads will persist, and default rates may rise materially through 2016,“ UBS’s Stephen Caprio said on Wednesday. „The implication for the US economy is that wide credit spreads and ascending downgrade and default risks will increase borrowing costs for US corporates.…