“Coronavirus epidemic poses existential threat to small businesses in China. Mass job losses loom: 10% of Chinese firms they surveyed were “on the verge of death”, with 30% planning job cuts and another 30% saying they could not pay their employees on time”

by cbus20122 www.scmp.com/economy/china-economy/article/3050510/coronavirus-chinas-fear-mass-job-losses-looms-large-covid-19 Just your daily reminder that this is not the flu, sars, ebola, or really anything else we’ve seen in our lifetimes. At the risk of beating a dead horse

Corporate debt nears a record $10 trillion, and borrowing binge poses new risks… More than half of all BBB debt would have a junk rating based on leverage alone.

www.washingtonpost.com/business/economy/corporate-debt-nears-a-record-10-trillion-and-borrowing-binge-poses-new-risks/2019/11/29/1f86ba3e-114b-11ea-bf62-eadd5d11f559_story.html Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge — this time by major corporations