I read a lot re debt yesterday as the market fretted about all that could go wrong. It appears as if the amount of debt outstanding could spell problems for some institutions and investors have  eached for high yields, not to the same degree as back in 2008, but it is likely to dent them plenty.  Some are calling it a debt bubble. Read about a fund that put redemptions on hold, not good news.  These are the sort of things that spooks markets and by extension consumers.

Clearly I had not realized nor quantified the debt problem and its negative effects it is likely to have if the level of defaults ding financials.  Monday could be uglier than yesterday.  

As usual, it is the stuff one does not completely grasp that comes around to hit the markets.