Jun 7, 2020
4 min read
This Is What Happens to Markets When You Print Trillions of Dollars
Everyone’s buying bankrupt companies and frauds. God help us.
At the start of 2020, if anyone told you that Hertz, a 102-year-old car rental firm, was going to declare bankruptcy a few months later, you’d probably laugh them out of the room. Hertz was a ticking time bomb — holding over $14 billion in…
