Failing fundamentals are likely to become more of a theme going forward in the post-global-lock-down phase. There could be too many uncertainties to hope for a V-shaped recovery, albeit in the short term. The view that pent-up consumer demand will suddenly jolt the global economy into a boom, which was already tinkering into a recession before the lock-down, could be a foolhardy one. Here is my fifty cents worth; the global pandemic...
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Vulture funds are circling troubled companies and that is why cash is king during a financial-economic crisis. The world’s largest vulture funds are preparing to swoon on distressed assets in what could be a target-rich landscape with troubled corporate debt being the latest moveable feast. The trickle-up wealth effect continues as vulture funds buy junk bonds as Fed cash buys trash, high risk corporate debt While economies and...
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