You're never too broke to file under Chapter 7.https://amp.cnn.com/cnn/2020/05/04/...-closing-sales-delaying-bankruptcy/index.html
Some retailers are too broke to go bankrupt
-Uwe-
You're never too broke to file under Chapter 7.https://amp.cnn.com/cnn/2020/05/04/...-closing-sales-delaying-bankruptcy/index.html
Some retailers are too broke to go bankrupt
Yep. Entirely predictable."Biblical" Wave Of Bankruptcies Is About To Flood The US
https://www.forexfactory.com/news/997466-biblical-wave-of-bankruptcies-is-about-to-flood
IMO: There's no way that the upcoming tsunami of bankruptcies has been priced in, nor the additional wave of people who will get laid off. The latter have been kept on the payroll at various places like airlines due to the bailouts packages that required them to not to be laid off, but those packages all have expiration dates...https://www.marketwatch.com/amp/story/guid/9279A958-8E45-11EA-AD06-F36B40BB8290
Biotechnology experts who understand both science and investing are skeptical of the stock market’s strength
Last month, Virgin Australia collapsed after failing to obtain a government bailout. In March, UK budget carrier Flybe entered administration, saying its financial challenges were too great to withstand in the context of the pandemic.
I haven't looked at the supermarket chains' results, but I have no doubt that they're doing well. All the home delivery services for groceries that I'm familiar with buy from a local supermarket, so there's no negative effect on supermarkets as a result of such services.I'm aware that USA cuisine culture is more highly geared to eating-out, so I would not be surprised if the effect was even greater up there - or perhaps the home delivery market has negated this result?
However, increased sales at supermarkets can't make up for lost sales in other sectors of the economy.
-Uwe-
Yeah, about that...Because the one immutable rule the even COVID can't change is that borrowed charge MUST be re-paid (with interest)!!
I'm not sure. The upcoming tsunami of bankruptcies will destroy a huge amount of credit money, which will likely have counteracting effect, at least for a while. Which raises the age-old question: Will things end in fire or ice?are you ready to rumble with hyper diaper inflation