The Covid-19 Dominoes Fall: The World Is Insolvent
Mar 16th 2020 2:00pm EDT
The Covid-19 Dominoes Fall: The World Is Insolvent Authored by Charles Hugh Smith via OfTwoMinds blog, Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a […]
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