The Next Economic Bubble? This Former Banker Says Corporate Debt

When economic bubbles burst, recessions often follow: In 2001 it was dot-com stocks, in 2007 it was homes and mortgage-backed securities. Today, some economists are sounding the alarm about corporate debt, which has grown by $2.6 trillion in the U.S. between 2007 and 2017, according to data from the McKinsey Global Institute.

Here & Now's Peter O'Dowd speaks with William D. Cohan (@WilliamCohan), a former investment banker and the author of four books about Wall Street.