ANALYSIS: When trillion-dollar promises combine with the tightest spreads in history, it is time for prudent investors to remember that equity can afford to dream of trillions, credit cannot.
Corporate bond spreads have fallen to record lows.
Matt LoganTue, 26 Aug 2025
When debt is cheap and optimism is high, the distance between vision and repayment risk becomes dangerously thin.
Last week, two headlines – while worlds apart – were cut from the same cloth. Sam Altman of OpenAI declared his intent to spend trillions on AI infrastructure and, at the same time,
