Although there have been relatively few liquidations during the pandemic crisis, this can be attributed to forbearance and government supports. Given the unprecedented drop in company revenues and the high…

Interesting times when the US Securities Exchange Commission feels compelled to stop Hertz, in bankruptcy, selling new shares to the market. Given the capital structure of the company, any shares…

This recession is unprecedented in terms of the speed of its onset, government-mandated shutdowns and the combination of both a supply-side and demand-side shock! The recovery is also likely to…

The NBER has determined that a peak in monthly economic activity occurred in the U.S. economy in February 2020, ending the longest expansion in the history of U.S. business cycles…