Most importantly, we have our health (touch wood) and each other.
Local governments end up buying dying malls to keep them from becoming dead zones.
Oops, the rot runs even deeper than Muddy Waters could have imagined.
Not so locked down. But there are real consequences for people and businesses.
Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it.
“If the situation of generalized panic continues, thousands of businesses, especially small ones, will first enter a liquidity crisis, then close their doors.”
“We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
“Even more damning than our initial report”: Carson Block of Muddy Waters.
Throwing good money after bad as a business model.
These days, markets forgive and forget anything except the suspension of share buybacks. Shares dive.