The business cycle and credit, defaults, and bankruptcies
Edward Harrison | Oct 14, 2020 | 3 |
I want to put a little more meat on the bones regarding the section of yesterday's post on credit, defaults and bankruptcies with some numbers. I would contend that credit cycles lead garden-variety business cycle turns. So, absent a Black Swan event like this pandemic and the lockdowns, we should expect to see recession-inducing financial distress in t…