Credit market is melting out of the fear that companies hit with COVID19 will not be able to repay their debts (understandable) and if oil prices stay at 24-30 dollar range, the corporate debt bubble is going to burst next. oil makes up 11% of the HYG junk bond ETF. oil impacts corporate credit. $86 billion due now through 2024 .. most of it junk status.
with AI being behind the wheel in financial markets, analyzing data and trading based on it. I wonder if the governments will be able to prevent a complete melt down of world economy?
we'll have to wait and see, I guess..
with AI being behind the wheel in financial markets, analyzing data and trading based on it. I wonder if the governments will be able to prevent a complete melt down of world economy?
we'll have to wait and see, I guess..
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