Almost everyone in the financial industry has known about this for a while.
It seems your average investor who unknowingly owns some of these companies considered 'stable' and 'recession proof' traditionally that are falling apart. Usually after average investors get really burned it results in a lengthy downturn in the market.
However, the good news is that the clusterfuck of credit debt may finally be ending with some major institutions going under.
It seems your average investor who unknowingly owns some of these companies considered 'stable' and 'recession proof' traditionally that are falling apart. Usually after average investors get really burned it results in a lengthy downturn in the market.
However, the good news is that the clusterfuck of credit debt may finally be ending with some major institutions going under.