Fitch ratings:
* Record number of credit rating cuts in last six months
* More countries to be junk than investment grade for first time
* Global debt-to-GDP to hit 95%, has doubled over last decade
Thomson Reuters
— Alessio Urban (@AlessioUrban) July 8, 2020
2009-2019: 5 Bankruptcies a Year
2020: 5 Bankruptcies a Week🙏@DiMartinoBooth @frugalprofblog @GaryKaltbaum #ascena #anntaylor #brooksbrothers
— Reminiscences of an American Capitalist (@4Awesometweet) July 8, 2020
The U.S.’s fledgling economic recovery is losing momentum, as a new wave of coronavirus infections causes businesses to reshutter in several big states and consumers to retreat anew. https://t.co/BTOjBGnCdn
— WSJ Central Banks (@WSJCentralBanks) July 8, 2020