Months of downgrades have taken their toll on credit quality. The share of outstanding US #leveragedloan debt rated B-minus or triple-C has surged (CCC+ debt is up 154% since February) pic.twitter.com/j5YUsvkGpX
— Leveraged Loans (@lcdnews) August 6, 2020
Retailers are using bankruptcy to close stores & quickly get out of costly, long-term leases. https://t.co/17C1LYhLvt
— Lisa Abramowicz (@lisaabramowicz1) August 6, 2020
This ‘Dire’ Economic Situation ‘Deserves to Be Called a Depression – a Pandemic Depression’
‘This situation is so dire that it deserves to be called a “depression”—a pandemic depression … It seems disrespectful to the many losing their jobs and shutting their businesses to use a lesser term to describe this affliction. ‘ — Economists Carmen Reinhart and Vincent Reinhart
More Farmers Declare Bankruptcy Despite Record Federal Aid https://t.co/wkQnoU9d1N
— Win Smart, CFA (@WinfieldSmart) August 6, 2020