The optimism ignores deep problems in the US economy that existed before the pandemic - chief among them staggering levels of debt and the proliferation of zombie companies.
Even the companies that do get "Taken care of" may well find themselves in dire straights when the debt payments come due.
A zombie company's operating profits can't cover even the interest payments on its debts, much less repay the principle.
According to the Bank of International Settlements, the number of zombie companies was already above pre-2008 crisis levels in the spring of 2018.
When these zombie companies start going under, it will mean even more lost jobs.
According to a CNBC report based on data from Arbor Research, zombie companies control more than 2 million jobs.
Despite the fact that many of these companies were already leveraged to the hilt, the coronavirus crisis has made it easier for them to take on even more debt.
Even the companies that do get "Taken care of" may well find themselves in dire straights when the debt payments come due.
A zombie company's operating profits can't cover even the interest payments on its debts, much less repay the principle.
According to the Bank of International Settlements, the number of zombie companies was already above pre-2008 crisis levels in the spring of 2018.
When these zombie companies start going under, it will mean even more lost jobs.
According to a CNBC report based on data from Arbor Research, zombie companies control more than 2 million jobs.
Despite the fact that many of these companies were already leveraged to the hilt, the coronavirus crisis has made it easier for them to take on even more debt.
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