So the crisis is approaching and you have a debt, what is the solution?

So the crisis is approaching and you have a debt, what is the solution?

The crisis clock is ticking faster and faster, suggesting an imminently approaching financial recession that will leave obsolete not only countries’ treasuries but also consumers’ pockets. In order to slow down this process, some countries have already begun to adopt an accommodative policy before it was too far. Thus, last week, the Federal Reserve has announced the first interest rates cut in more than a decade. Theoretically, this action should have stimulated growth and get the economy back on track, but it didn’t happen…

I wonder how bankruptcy volume correlates before, during and after recessions?

i think this research can be helpful https://www.eulerhermes.com/en_global/economic-research/insights/Global-Insolvency-Outlook2019-The-collateral-damage-of-too-low-growth-and-tightening-financial-conditions.html

but obviously after the recession this number drastically increases :frowning:

Thanks for an interesting question!