In this episode, Mike & Jerry react to a recent article in The Wall Street Journal penned by Matt Wirz, looking at how junk loan defaults are beginning to scare investors as inflation and interest rates grow. In the credit world, can risk professionals all afford to continue to look back at past trends to then predict the future behavior of stressed counterparties in the next down cycle? As Jerry explains, "don't fall for the head fake" regarding where the biggest bankruptcy risk dangers lie in late 2022 and beyond.