Markets

‘Now is a time to be cautious’: The world’s largest distressed-securities investor breaks down why an unstable economy leaves the market vulnerable to further shocks

Oaktree Capital Management high yield portfolio manager Madelaine Jones says economic recovery depends on when the pandemic is resolved. “Until fundamentals really do improve, conflicting economic data and political shocks could spark more market ructions,” she wrote Thursday. A large amount of company defaults in the future could be one […]
‘Now is a time to be cautious’: The world’s largest distressed-securities investor breaks down why an unstable economy leaves the market vulnerable to further shocks
Markets

‘WORSE THAN 2007’: Top banker warns of looming wave of worldwide bankruptcies

The world’s financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, according to a leading global banker. William White, chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements, who suggests the stresses in […]
‘WORSE THAN 2007’: Top banker warns of looming wave of worldwide bankruptcies