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Junk Bond Avalanche Looms for Credit Markets

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AH YES, THE EVER-OVERHANGING, LOOMING AVALANCHE
Beginning in 2012, more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could overload the debt markets, the New York Times frets. "The United States government alone will need to borrow nearly $2 trillion in 2012, to bridge the projected budget deficit for that year and to refinance existing debt."
SOURCE:   New York Times

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