So far this year, 83% of the companies that have gone public this year in the US are actually losing money. And a full 14% of companies in the S&P 500 can’t cover the interest on their debt.
From Simon Black at Sovereign Man: Stock markets around the world were crushed yesterday… The Dow Jones fell 800 points, its biggest dump since February. The Nasdaq fell 4% (its worst day in seven years). Japan fell 3.9%. Chinese stocks fell 5.2% to their lowest since 2014. And people are freaking out (the market’s fear gauge, … Read more