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Saturday, May 23, 2020

Car rental giant Hertz files for bankruptcy as its vehicles remain idled by pandemic — John Solomon

Car giant was already saddled with debt before COVID-19 struck.
Anomaly, or indication of systemic risk owing to debt?

Just the News
Car rental giant Hertz files for bankruptcy as its vehicles remain idled by pandemic
John Solomon

See also

It's not just a matter of reopening. Will the customers be there?

BBC
Coronavirus: Leading economist warns of 10 years of depression and debt
Karishma Vaswani interview with Nouriel Roubini

1 comment:

  1. Anomaly, or indication of systemic risk owing to debt? Tom Hickey

    Government privileges for private credit creation constitute a means for the more so-called "credit worthy" to steal from the less so-called "credit worthy" in terms of purchasing power and investment opportunity.

    It thus creates perverse incentives to go into debt.

    Ooops! Whocouldanode?

    ReplyDelete