Week 6: Debt, Debt, and more Debt

"Nothing exceeds like excess."

- Scarface

Three weeks ago we talked about the issue of student debt, and the crisis it presents to the next generation of workers. However, students are not alone in the debt crisis, governments and companies all over the world are in debt. Some even use debt as a vehicle to manage their operations, leverage to make more money, or accomplish their goals. In this week's Tuesday Drop, I have a few good videos that will help you understand how corporations are using debt, if the U.S. debts even matter, and those who make money off of other's debts.

1. Corporate Debt: While companies have had a tradition of issuing out debt for investors to buy in order for the company to grow their business, a growing amount of the corporate debt is rated at Triple-B, which is the lowest rating a bond can have before being considered a "junk bond." This video will explain how the rise in debt-to-earnings ratio of companies is effecting the corporate bond market.

Watch The $3.7 Trillion Corporate Debt Question by Wall Street Journal

2. The US and it's Debt: The government has been spending more money then it brings it for a long time, growing the national debt to over $21 Trillion! But, does this debt even matter? Does the US ever have to pay it off, or is it possible to inflate the debt away? Watch this video to find out how the US debt will affect the country and you.

Watch Does U.S. debt matter? by CNBC

3. Debt Buyers: While most Americans have debt, a growing amount of Americans have delinquent debt, which is a debt that is 90 days overdue. Most companies write off the debt customers owe them at a loss, but they also sell that debt for pennies on the dollar to debt buying companies, which often uses ruthless tactics to get those in debt to pay up...

Watch Debt Buyers by Last Week Tonight with John Oliver

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