► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Global debt markets are on the cusp of a rather unwanted milestone: the number of companies defaulting on their obligations this year has already reached 99, driven largely by struggling US shale gas providers. The FT's Gavin Jackson explains.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes