Discover and read the best of Twitter Threads about #bankruptcies
Most recents (5)
(1/6) Real Participants envision, assert, and aid in the evolution of crypto markets!
The world’s largest #cryptocurrency #exchange @binance & CEO @cz_binance announces $1bn commitment to the #IndustryRecoveryFund as a part of their #industry building process✨🧵🔥
Read more:
The world’s largest #cryptocurrency #exchange @binance & CEO @cz_binance announces $1bn commitment to the #IndustryRecoveryFund as a part of their #industry building process✨🧵🔥
Read more:
(2/6) With the ongoing #FTX saga and call for i) #transparency, and ii) #support, #Binance came forward as the market leader. For transparency, Binance shared its wallet addresses with funds, and now announces its fund to “reduce further cascading negative effects of FTX” 💳💼🌐
(3/6) Since #FTX rapid winddown, market participants were found worried for crypto contagion which was affecting each corner of the industry. With initial flowing details, the aim of this fund is to prop up struggling players in the wake of FTX and affiliated #bankruptcies📈💎🛍️
🇩🇪 Longer suspension on #insolvency filings masks credit risk that explodes into wave of #bankruptcies when the moratorium ends
Also nurtures zombie companies that hold back investment and innovation and act as a drain on the #economy
#Germany #recession
bloomberg.com/news/articles/…
Also nurtures zombie companies that hold back investment and innovation and act as a drain on the #economy
#Germany #recession
bloomberg.com/news/articles/…
“Zombie companies” are not a new phenomenon
They restrict the entry of new, more productive companies, diminish job creation in the economy and lock capital into unproductive uses. In a word, they are a menace to the economy and society
#recession
gnseconomics.com/2019/03/11/the…
They restrict the entry of new, more productive companies, diminish job creation in the economy and lock capital into unproductive uses. In a word, they are a menace to the economy and society
#recession
gnseconomics.com/2019/03/11/the…
World economy will follow the “Way of Japan” 🇯🇵
Central bankers will take an active (in practice, permanent) role in the financial markets. The hope is that this would keep the global asset bubble inflated and the world economy going
#recession
gnseconomics.com/2019/03/18/the…
Central bankers will take an active (in practice, permanent) role in the financial markets. The hope is that this would keep the global asset bubble inflated and the world economy going
#recession
gnseconomics.com/2019/03/18/the…
Daily Bookmarks to GAVNet 08/10/2020 greeneracresvaluenetwork.wordpress.com/2020/08/10/dai…
Family Wealth and the Class Ceiling: The Propulsive Power of The Bank of Mum and Dad - Maren Toft, Sam Friedman, 2020
journals.sagepub.com/doi/full/10.11…
#mum #class #ceiling #family #wealth #dad #power
journals.sagepub.com/doi/full/10.11…
#mum #class #ceiling #family #wealth #dad #power
This Contact Tracer Is Fighting Two Contagions: The Virus and Fear
nytimes.com/2020/08/09/us/…
#tracer #COVID19 #epidemic
nytimes.com/2020/08/09/us/…
#tracer #COVID19 #epidemic
A partial snapshot of the thousands of corporate entities that have landed in bankruptcy court since March.
It doesn’t capture the countless businesses that closed shop permanently without seeking protection in court.
#US #recession #bankruptcies
bloomberg.com/graphics/2020-…
It doesn’t capture the countless businesses that closed shop permanently without seeking protection in court.
#US #recession #bankruptcies
bloomberg.com/graphics/2020-…
72,842 businesses permanently closed, out of the 132,580 total closed businesses
Permanent closures now accounting for 55% of all closed businesses
#US #recession
yelpeconomicaverage.com/yea-q2-2020.ht…
Permanent closures now accounting for 55% of all closed businesses
#US #recession
yelpeconomicaverage.com/yea-q2-2020.ht…
This year’s spate of “mega” insolvencies is just getting started
Global corporate defaults on track to exceed 2009: Fitch
“When there is an increase in insolvency risk, what you do not need is more debt. You need less debt”
#US #recession #bankruptcies
bloomberg.com/news/articles/…
Global corporate defaults on track to exceed 2009: Fitch
“When there is an increase in insolvency risk, what you do not need is more debt. You need less debt”
#US #recession #bankruptcies
bloomberg.com/news/articles/…
The #coronavirus #pandemic/#panic has already fundamentally changed our society and #economy. We're already seeing #quarantines along with #unemployment, #bankruptcies, and empty shelves in stores. And we see how entire states are being shut down as government asserts they know
which businesses are 'essential' and thus may operate and which are 'non-essential' and therefore forced closed. Whereas this obviously will cause enormous economic problems, let's take a look at what is actually going on. We are not only in the midst of a virus pandemic, but
also a major economic shift: from industry to information. Such shifts can happen smoothly, but government's actions are forcing the shift and disrupting all industries--uprooting the traditional employment model and creating a gig and work-from-home economy. Part of this is the
