# Professor Edward Altman highlights corporate debt as a risk factor for the next economic recession

1 Faculty News July 12, 2018 ![Yahoo Finance logo](/sites/default/files/styles/246w/public/assets/images/yahoofinance.jpg?itok=iQnyXkp_)>

Excerpt from [Yahoo Finance](https://finance.yahoo.com/news/invest-next-recession-175018792.html) -- "'The liquidity faucet gets turned off pretty quickly in a recession,' says finance professor [Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman) of New York University’s Stern School of Business, an expert on corporate bankruptcy. 'The default rate is going to go up, and go up a lot. It could get very ugly.'"

[Read more](https://finance.yahoo.com/news/invest-next-recession-175018792.html)