Borrowing fortifies a balance sheet like drinking tequila fortifies shrewd decision making. Investment advisors are putting their sheeple clients into largely insolvent companies in the midst of a pandemic with China-US relations plummeting.

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World Economic Prospects Darken, Rebound Delayed: Reuters Poll

Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.

Grantham Called the Last Two Crashes Starts to Short Global Stock Markets

GMO, co-founded by Jeremy Grantham, says shares should be much cheaper given the ongoing ‘extreme uncertainty’ and calls out market euphoria

An ‘Avalanche of Evictions’ Could Be Bearing Down on America’s Renters

he United States, already wrestling with an economic collapse not seen in a generation, is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans who have little financial cushion and few choices when looking for new housing.

Fed’s Beige Book Is Blue With Alarm At Economic Devastation Across The US

Although many contacts expressed hope that overall activity would pick-up as businesses reopened, the outlook remained highly uncertain and most contacts were pessimistic about the potential pace of recovery.

U.S. Congressional Report Warns Investors, Banks of China Risks: Bloomberg

A body advising the U.S. Congress warned of growing risks for domestic investors from strains in China’s banking system and questioned Wall Street’s push into the Communist Party-ruled nation as it opens its capital markets.

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