Forget talks about recession - should we be worried about the next Great Depression!

[Sparrow]

On the topic of a new great depression, spotted this today:

https://www.theguardian.com/world/2020/mar/20/coronavirus-crisis-could-lead-to-new-credit-crunch-as-companies-struggle-with-debt

TL;DR - Companies that have fuelled their growth with low-interest cheap money since the last financial crisis are going to go out of business as borrowing costs rise.  The debt-bubble that has been growing since the aftermath of the financial crisis could well be about to finally burst. 

Let's face it, this was going to happen sooner or later, and it looks like covid-19 could easily turn out to be the pin to pop that bubble.