The “Biblical” Default Wave Arrives: Here Is The Avalanche Of Bankruptcies Unleashed By Coronavirus
Zerohedge warned of it and so did we. This will be very ugly. And this article only addresses corporate bankruptcies. The personal bankruptcy wave is begging to break also.
The list of companies runs the full gamut – some had billions of dollars in assets; others had only a handful of employees on payroll…
…The biggest – so far – is rental giant Hertz, which survived two world wars, a great depression, a cold war, but ultimately folded, beaten by a tiny Chinese virus.
This article was originally posted here: https://www.ac2news.com/2020/07/the-biblical-default-wave-arrives-here-is-the-avalanche-of-bankruptcies-unleashed-by-coronavirus/.