Company executives are more scared now than in 2008, according to Fed study based on hundreds of earnings calls | Markets Insider

study from the Federal ReserveThe study used machine learning to analyze hundreds of company earnings calls, gauge the sentiment of companies, and identify the actions they took amid the coronavirus pandemic.According to the study: "The share of firms drawing down on credit lines, cutting equity payout, or cutting investment was 17, 27, and 42 percent, more than 6.5 standard deviations from their mean values of 2%, 5%, and 10%.

"For comparison, during the peak of the 2008-2009 financial crises these numbers peaked at 7%, 11%, and 25%," Fed economists found. The Fed also searched for mention of"strong balance sheets," and found that 53% of firms mentioned strong balance sheets in April, double the value seen in previous months and exceeding the peak of 44% seen during the 2008-2009 financial crisis.

Are they willing to cut their compensation?🤔

Hopefully though, house prices may come down to fairer levels

Because it's worse 'than in 2008'

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Disney is set to report earnings after the bell as the pandemic has disrupted its theme parks and cruise businessesThis is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman. Good! The 800 Godzilla dollaz from cartoons n shit wasn't enuff so they raised their prices. Fck em. Disney the pedophile ring!
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