Saturday, May 23, 2020

Zero Hedge — Bankruptcy Tsunami Begins: Thousands Of Default Notices Are "Flying Out The Door"


Risk of debt-deflation taking hold?

Zero Hedge
Bankruptcy Tsunami Begins: Thousands Of Default Notices Are "Flying Out The Door"
Tyler Durden

See also

Zero Hedge
Tracking The Recovery: What Real-Time Data Says About The State Of The Global Economy
Tyler Durden

2 comments:

Ralph Musgrave said...

So who do landlords think they're going to let their houses to once existing tennants have been rendered bankrupt and kicked out of relevant houses?

Landlords and other creditors need to get it into their silly heads that in the present unusual circumstances they don't have many options other than to share the pain.

Andrew Anderson said...

A Citizen's Dividend would surely help as well as debit accounts for all citizens at the Fed or TreasuryDirect (quicker implementation?).

It's amazing to me the problems ethical finance would solve or at least ameliorate and without being in the least socialistic since justice is neither fascist not socialist.