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Title: Distressed Debt Soars By 29%, Or $66 Billion, In One Week Amid Surge In Bankruptcies
Source: [None]
URL Source: https://www.zerohedge.com/markets/d ... e-week-amid-surge-bankruptcies
Published: Mar 23, 2023
Author: Tyler Durden
Post Date: 2023-03-23 12:12:15 by Horse
Keywords: None
Views: 34

In total, there were 48 large bankruptcy filings — those related to at least $50 million of liabilities — this year through March 20. That’s the highest since 2009, which saw 88 large cases through March 20, per Bloomberg-compiled data

Poster Comment:

Commercial real estate is not looking good. An investor said the stock market might hit a Minsky moment soon. That is when you sell good stuff to buy bad stuff.

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