Why Are Consumer Defaults on the Rise?

The transcript discusses the impact of a significant vote on capital markets, highlighting the initial drop in high yield issuance and subsequent recovery of funds. It examines the implications of this shock late in the credit cycle, with central banks near zero bound, and the increased risk of recession. The discussion also covers Brexit's potential effects on US earnings, the dollar, and commodities, as well as the disruption in credit market conditions.

What indicators suggest the risk of a recession has increased over the last 12 months?

In what ways might credit market conditions be affected by recent events?