Re:Why is the stock market rallying when the economy is so bad?
by canada_dry on Sunday May 10, 2020 @09:53PM
(#23138149)
> many airlines will go bust before this is done
My bet is there will be a large number of hard hit industries (e.g. airlines, cruise lines, hotels, car rental companies) which will see widespread ch 11 and bankruptcies. Makes sense if then they can reemerge after eliminating a good chunk of debt and also roll back labour agreements. Likely a bunch of consolidation/merges on their way as a result too.
Should see the ball start rolling after the mid-year results come out early July.
My bet is there will be a large number of hard hit industries (e.g. airlines, cruise lines, hotels, car rental companies) which will see widespread ch 11 and bankruptcies. Makes sense if then they can reemerge after eliminating a good chunk of debt and also roll back labour agreements. Likely a bunch of consolidation/merges on their way as a result too.
Should see the ball start rolling after the mid-year results come out early July.