Biggest Crisis Test Is Still to Come With Insolvencies, BIS Says

Governments are gaining increasing control over national economies thanks to the lunatic #lockdown policies. Now they must shoulder the burdens formerly carried by markets--weeding out failed firms and allocating resources to match shifting demands. The bet of the lunatic lockdown is that government will do this better than markets, despite having failed every other time they've been given the chance. https://www.bloombergquint.com/onweb/biggest-crisis-test-is-still-to-come-with-insolvencies-bis-says #news #economy #jobs #bankruptcy