![\"tidal](\"http:\/\/static.businessinsider.com\/image\/4b2214ed00000000001511ca\/tidal-wave-surf-surfers-surfing.jpg\")
<\/p>\n<\/p>\n
The new worry, courtesy of the New York Times, is that we’re going to be killed by a huge junk-bond refinancing wave starting in 2012, when all those awful private-equity deals that topped the market start coming due.<\/p>\n
2012 seems like a ways away, though, and the entire refinancing total over the following three years–$700 billion–is less than the TARP (ignoring the additional $2 trillion the US government will need). Martin Fridson, for one, thinks companies have plenty of time to refinance between now and then.<\/p>\n
But we suppose if there’s suddenly nothing else to worry about, this is as good an obsession as any.<\/p>\n
Nelson Schwartz, NYT: <\/a><\/p>\n 2012 also is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could create a glut in the debt markets.<\/p>\n With huge bills about to hit corporations and the federal government around the same time, the worry is that some companies will have trouble getting new loans, spurring defaults and a wave of bankruptcies.<\/p>\n The United States government alone will need to borrow nearly $2 trillion in 2012, to bridge the projected budget deficit for that year and to refinance existing debt.<\/p>\n Keep reading ><\/a><\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n