Krista Schwarz of the Wharton School said that the current state of affairs, in which corporations have taken on significant high-risk debt, will amplify any economic downturn. “It’s going to make everything happen faster, larger, worse,” she said. “The recession would just be that much deeper.”
https://www.washingtonpost.com/business/economy/corporate-debt-nears-a-record-10-trillion-and-borrowing-binge-poses-new-risks/2019/11/29/1f86ba3e-114b-11ea-bf62-eadd5d11f559_story.html The Washington Post