Debt is everywhere. Since everything is so expensive, the majority of the public must finance it with debt. Need a house? Get a mortgage. Need a car? Finance the payments. Want a George Foreman Grill but can’t afford it? Just charge it! Corporations do the exact same thing. There’s just one problem. What happens when they can’t pay back?
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Credit Suisse CEO says will need fewer employees after crisis, Banking & Finance – THE BUSINESS TIMES
Japan launches its version of Fed’s ‘Main Street’ scheme as deflation returns – Reuters
Singapore banks seen facing lingering default risk in oil sector | S&P Global Market Intelligence
JW Marriott At Risk Of Default
https://therealdeal.com/chicago/2020/05/19/jw-marriott-is-latest-hotel-at-risk-of-default/
Chile’s Latam Airlines Group hires PJT Partners to restructure debt: report | The Mighty 790 KFGO | KFGO
Junk bond scare is rising: ‘No one cares. People are buying everything’