I wanted to share my thoughts on the coronavirus.
Covid-19 has exposed our financial fragility
"An orgy of borrowing, speculation and euphoria has left the markets on the verge of catastrophe"t.co/jisYAFEByx pic.twitter.com/lFjeONDe7D
— Jonathan Tepper (@jtepper2) March 20, 2020
Economy: Data, Policy Reflect Virus Fallout
How long until the stock market recovers? t.co/vpAbYIELiW #equity #loans #PrivateEquity #hedgefunds #familyoffices #SFO @ennovance pic.twitter.com/XULbKV0qkl
— Mo Hossain (@MoHossain) March 20, 2020
A shutdown just means more pain in the fall. The disease is globally dispersed. It will come back. Containment has failed. Now it's just varying degrees of mitigation. pic.twitter.com/HhG7v8yaFF
— THE LONG VIEW ⚫️ (@HayekAndKeynes) March 20, 2020
A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets t.co/7zXut6v8DF
— Win Smart, CFA (@WinfieldSmart) March 20, 2020
California: $3 trillion economy. New York: $1.8 trillion economy. One quarter of US GDP has just all but evaporated.
— Michael McKee (@mckonomy) March 20, 2020
CORONAVIRUS: HOSPITAL IN LONDON RUNS OUT OF BEDS, DECLARES CRITICAL INCIDENT – MEDIA
— *Walter Bloomberg (@DeItaOne) March 20, 2020
$HYG $JNK $BKLN $LQD
171 ratings actions globally, due to #coronavirus, according to S&P Global Ratings. 107 of them are North American-based $ t.co/nIFTtbF0ge #leveragedloan #highyield pic.twitter.com/VvY2HjbTkF— Win Smart, CFA (@WinfieldSmart) March 20, 2020