https://inteldinarchronicles.blogspot.com/2019/09/financial-crisis-leads-to-abrupt.html
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https://inteldinarchronicles.blogspot.com/2019/09/financial-crisis-leads-to-abrupt.html
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And this is just one company. Wow! Wait until more dominoes start falling. This is a good example of why globalism isn't such a good idea and that decentralization is better.
paul kawsek said:
https://news.abs-cbn.com/business/09/25/19/fall-of-thomas-cook-crea...
The Guardian UK has done an article: https://inteldinarchronicles.blogspot.com/2019/09/thomas-cook-buste...
I agree, Paul. The big banks are being bailed out something like $59B/$79B a day for ten days. There is no liquidity, which probably means the travel company couldn't borrow to cover its bills as companies normally do.
paul kawsek said:
This may be just the tip of the iceberg of what is to come. There are other signs of impending crisis. I suspect there are bigger issues that will unfold.
What a mess that is 650,000 people stranded.