Okada, Smead on Corporate Credit, Ratings

The transcript discusses concerns over corporate credit, focusing on the triple B market and investment grade bonds. It highlights the risks associated with high leverage in companies like CVS, GE, and AT&T, and the potential impact on the economy. The conversation shifts to Tesla, examining its debt situation and market speculation, with a broader critique of truthfulness in the tech sector.

What are the potential risks associated with downgrades in the bond market as mentioned in the text?

How does the speaker perceive the relationship between credit spreads and the economy?