Looming Corporate Credit Losses Will Be Absorbed By Financial Institutions And Possibly Even By Taxpayers

An obsessive focus on stock market returns is lulling many investors and analysts into thinking that the worst of the current COVID-19 economic crisis is over. Before the pandemic struck, I expressed my concern about significantly leveraged non-financial companies in over forty pieces in Forbes. Eye opening research published by Bank for International Settlements economists, Benoît Mojon, Daniel Rees, and Christian Schmieder...
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