Debt by Design: How Private Equity's Leverage Machine Is Quietly Straining the American Economy
Beneath the polished surface of American corporate finance lies a growing fault line: thousands of companies burdened with debt loads engineered by private equity sponsors chasing outsized returns. As interest rates remain elevated and refinancing windows narrow, the structural fragility of this corner of the economy is drawing scrutiny from economists, regulators, and policymakers who fear the consequences of a correction long in the making.