Economic experts have warned for years about the dangers of rising corporate, personal and government debt. Combined with the coronavirus pandemic, is this what will cause the next recession?

Heavily leveraged corporate balance sheets are a prime reason why debt currently is equal to three and a half times U.S. GDP — an all-time record. The number is far greater than during the Great Depression of the 1930s. One could even argue that the stellar economic performance of the last decade was largely fueled by debt, enabled by persistently low interest rates. But at some point, the whole shaky edifice has to come crashing down, and it could be sooner than later, says Jerry Flum, chief executive officer of CreditRiskMonitor. He returns to the podcast to explain how we got to this point of crushing debt, what could cause the whole house of cards to topple, and what the resulting crash might look like. He also offers some suggestions for mitigating the impact of looming economic disaster. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.

Show notes:

A blog post on the impact of global debt and vendor risk on public company supply chains.