Faculty News

Professor Edward Altman believes increased volatility in 2016 could lead to another recession, based on his Z-score research

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Excerpt from Bloomberg -- "'The high-yield markets have grown so big, you don’t need to have a large default rate to have tons of debt in trouble,' said Altman. At a 2.8 percent rate, as much as $45 billion of U.S. debt defaulted last year. This year, he expects Chapter 11 filings to rise led by companies in energy, coal and metals and mining."

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