Rising risk of default contagion? | Exclusive Interview With Edward Altman
Video description:
How will the COVID crisis affect the business outlook? Here’s what Edward Altman has to say in an exclusive interview to ET NOW. Recoveries from the past crisis were the function of the low-interest rates. Low-interest rates breeds on the risk-on environment. Difference between this and past crisis is how rapidly the crisis occurred. Recovery will take longer than 1-2 quarters for both US and the world. US has seen record large corporate bankruptcies, since March. The retail sector has been worst hit by the crisis. Energy a very problematic sector in the US. Leisure, hospitality, realty, transportation highly susceptible to bankruptcies. Watch! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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