Discover and read the best of Twitter Threads about #bankruptcies

Most recents (4)

🇩🇪 Longer suspension on #insolvency filings masks credit risk that explodes into wave of #bankruptcies when the moratorium ends

Also nurtures zombie companies that hold back investment and innovation and act as a drain on the #economy
#Germany #recession… Image
“Zombie companies” are not a new phenomenon

They restrict the entry of new, more productive companies, diminish job creation in the economy and lock capital into unproductive uses. In a word, they are a menace to the economy and society
World economy will follow the “Way of Japan” 🇯🇵

Central bankers will take an active (in practice, permanent) role in the financial markets. The hope is that this would keep the global asset bubble inflated and the world economy going
Read 4 tweets
Daily Bookmarks to GAVNet 08/10/2020…
Family Wealth and the Class Ceiling: The Propulsive Power of The Bank of Mum and Dad - Maren Toft, Sam Friedman, 2020…

#mum #class #ceiling #family #wealth #dad #power
This Contact Tracer Is Fighting Two Contagions: The Virus and Fear…

#tracer #COVID19 #epidemic
Read 6 tweets
A partial snapshot of the thousands of corporate entities that have landed in bankruptcy court since March.

It doesn’t capture the countless businesses that closed shop permanently without seeking protection in court.
#US #recession #bankruptcies…
72,842 businesses permanently closed, out of the 132,580 total closed businesses

Permanent closures now accounting for 55% of all closed businesses
#US #recession…
This year’s spate of “mega” insolvencies is just getting started

Global corporate defaults on track to exceed 2009: Fitch

“When there is an increase in insolvency risk, what you do not need is more debt. You need less debt”
#US #recession #bankruptcies…
Read 9 tweets
The #coronavirus #pandemic/#panic has already fundamentally changed our society and #economy. We're already seeing #quarantines along with #unemployment, #bankruptcies, and empty shelves in stores. And we see how entire states are being shut down as government asserts they know
which businesses are 'essential' and thus may operate and which are 'non-essential' and therefore forced closed. Whereas this obviously will cause enormous economic problems, let's take a look at what is actually going on. We are not only in the midst of a virus pandemic, but
also a major economic shift: from industry to information. Such shifts can happen smoothly, but government's actions are forcing the shift and disrupting all industries--uprooting the traditional employment model and creating a gig and work-from-home economy. Part of this is the
Read 13 tweets

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