Reuters : #EU🇪🇺 faces BANKRUPTCIES and BAD LOANS as COVID-19 help for firms ends - EU document
🔹 Nothing new, it's largely expected
🔹Thread & link 👇
🔹EU is facing a surge in bankruptcies and bad loans once the post-pandemic economic recovery starts to take hold and gov withdraw state schemes that are keeping many firms on life support
🔹50% would have had liquidity problems were already at a high risk of default before
🔹NPL ratios do not yet reflect the underlying deterioration in the credit profile of borrowers
🔹Banks expect to further tighten credit conditions and raise collateral requirement
My wife who never made a single investment in stocks (I manage that) & that I always had to push to invest, asked me this weekend: Should I go with all my savings in stocks?
We're looking to buy a house very soon.
🧐
I mean she said "just like 6 months until we buy the house so that we make an easy 10-20% or so"
just to clarify, houses prices increased 5% but transactions decreased 2.7% IMO if transactions continue to decrease, I believe there could be some good deals to find