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VC Chamath Palihapitiya Warns of Chaos in the Equity Market Due to Debt Issues
Chamath Palihapitiya, CEO of VC company Social Capital, has warned about a looming crisis in equity markets due to the issuance of low-interest debt. According to Palihapitiya, this might be the “biggest business secret hiding in plain sight right now,” as many companies won’t be able to refinance their debt, seeing their equity values collapse.
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