The Tsunami of bankruptcies begins....See the US economy...

The Tsunami of bankruptcies begins....See the US economy landscape :
1. Biggest Car Rental company ( Hertz) filed for bankruptcy - they also own Thrifty and Dollar
2. Biggest Trucking company ( Comcar) filed for bankruptcy - they have 4000 trucks
3. Oldest retail company ( JC Penny) filed for bankruptcy - to be acquired by Amazon for pennies
4. Biggest investor in the world ( Warren Buffet) lost $50B in the last 2 months
5. Biggest investment company in the world ( Blackrock ) is signalling disaster in the world economy - they manage over $7 Trillion
6. Biggest mall of America ( Mall of America) stopped paying mortgage payments
7. Most reputable airline in the world ( Emirates) laying off 30% of its employees
8. US Treasury printing trillions to try to keep the economy on life support - their balance sheet will become $7 T+
9. Estimated no. of retail stores closing in 2020 - 12,000 to 15,000.
Massive mortgage loan defaults, credit card defaults and auto loan defaults are expectedThe real impact of Covid -19 will be known in the third quarter of 2020.The unemployment claims reached all-time high of 38+Million - unemployment is over 25% ( out of 160 million of working population, close to 40 Million are jobless). With no income, consumer demand will fall drastically and the economy will go into....https://www.zerohedge.com/markets/retailers-reel-commercial-landlords-issue-thousands-default-noticesAny one with Common Sense should Appreciate that they have a job .