. "That is what derails this market. Otherwise, you have a very strong technical supporting this marketplace."
Bankruptcies have largely been avoided despite the current downturn serving as the deepest and quickest recession in nearly a century. Though some large retailers have defaulted on their debt, the Federal Reserve's move into bond-buying boosted credit market health and drove an influx of investors to corporate debt offerings. Beleaguered sectors were able to tap public debt markets for critical aid before the central bank bought a single bond.
However, stalled talks on a second round of fiscal stimulus and fears of a prolonged downturn are once more weighing on firms' outlooks. If companies can't continue to easily sell debt for cash, the recession could slide into a new phase and drag the stock market with it, El-Erian said. "If you get that, then unemployment gets more problematic and you get capital impairment," he said. "Believe me, if there's one thing that Federal Reserve money cannot help markets through, it's capital impairment events."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
El-Erian says the biggest threat to stock market rally is wave of corporate bankruptcies'I think what derails this market isn't more China-U.S. tension, isn't more political differences. It would be if we get then large-scale bankruptcies,' the chief economic advisor at Allianz added. Already begun Millions of evictions during a pandemic will not be good for the US economy. lol lol lol lol lie and lies cnb , banks , black rock want maximus this week , dow jons , Sp500
Source: CNBC - 🏆 12. / 72 Read more »
Stock market news today: Dow, S&P react to Trump orders, China, virus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash: Expert warns record high may be a 'historic trap' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If you need logo ? your own signature logo iam logo and animation designer I will design professional and unique signature logo. Please Contact Me: Logo Logo Designe Signature Logo Nobody knows nothing quant_invest hnr70 iancolinstewart
Source: BusinessInsider - 🏆 729. / 51 Read more »
If you're unemployed, Business Insider wants to hear from you - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank god, it’s only for US
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon's Q2 2020 was its biggest online sales quarter ever due to the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Stock levels must be low.. economy is going to explode
Source: BusinessInsider - 🏆 729. / 51 Read more »
Small business confidence rebounds from all-time low, but Main Street still has a long way to goSmall business confidence rose from an all-time low hit during coronavirus lockdowns, but on Main Street, the revenue, hiring and general business outlook remains mixed: CNBC|SurveyMonkey Q3 Small Business Survey. Just looking at history and I do that everyday. Feels like the summer of 1929. Hang on. We haven't seen nothing yet. They never learn at the top on Wall Street nor the Republican Party. I'm looking for Hooverilles nation wide by the end of the month. It's like a yoyo near its end, When are you CNBC Pandemic Propaganda Puppets going to start reporting on Covid w Full Transparency w Full Context? The market has already figured out what Dr Atlas, Dr Samadi& Alex Berenson already know. Protect Vulnerable. 0-70 & healthy not high risk disease. Wake Up Puppets!
Source: CNBC - 🏆 12. / 72 Read more »