One does not need to be prescient to understand that the consequences of the U.S. government’s financial response to the coronavirus will be momentous. The U.S. Federal Reserve recently announced nine new “facilities” (lending programs) and its balance sheet has surpassed the $6 trillion mark. Even the maniacal asset-buying of the post-financial crisis years […]
Tag: corporate debt
Alvaro Vargas Llosa | Tuesday April 14, 2020 at 11:16 AM PDT
Alvaro Vargas Llosa | Thursday May 16, 2019 at 10:45 AM PDT
Corporate debt was not one of the big culprits of the financial crisis a decade ago. But it might well be next time around.