Month: June 2020

Liquidity, Solvency, and Walking Dead Companies

In the past, we’ve talked about firms that can’t service their debt without borrowing more money. These “walking dead” companies are getting new injections of life now because of the Federal Reserve’s policies and huge balance sheet expansion. Let’s face it, free money from the Fed sounds great, and markets are rising accordingly. There’s a funding …

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covid-19 update

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