Hertz just had an initial bankruptcy offering which is the first time anything like this has ever been tried. Hertz is bankrupt and is now in the possession of its creditors so Jefferies bank was the one who filed to motion in bankruptcy court as a unique opportunity to raise money without the constraints of the usual debtor in possession financing options. The reason is the retail investors which help propel a bankrupt company to become the most popular stock on Robinhood. Typically a bankrupt company means the stock is worthless and in the case of Hertz it may even be negative since there are some serious impairments on many of their bonds. meaning the creditors will consume the equity and the company knows this hence the disclaimer which they mentioned in the filing, "Hertz would include disclosure in any prospectus used to offer common stock highlighting that an investment in Hertz’s common stock entails significant risks, including the risk that the common stock could ultimately be worthless." We also see some stunning admissions in the Feds annual financial stability report detailing the lack of credibility to this V-shaped recovery narrative. The Fed warned this economic collapse may bankrupt many small businesses and highly leveraged firms. They added "Despite aggressive fiscal and monetary policy actions, risks abroad are skewed to the downside." "the economic damage of the recession may be quite persistent." "The collapse in demand may ultimately bankrupt many businesses, thereby reducing business dynamism and innovation. Unlike past recessions, services activity has dropped more sharply than manufacturing - with restrictions on movement severely curtailing expenditures on travel, tourism, restaurants, and recreation - and attitudes may further weigh on the recovery in these sectors. Disruptions to global trade may also result in a costly reconfiguration of global supply chains. Persistently weak consumer and firm demand may push medium- and longer-term inflation expectations well below central bank targets, particularly in regions with already low inflation at the onset of the recession. The Fed warned widespread failures of small businesses would adversely alter the economic landscape and potentially slow the recovery and future labor productivity growth. And we see some states are beginning to come under financial strain and NJ is in focus as their tax collection receipts show a collapse of 29% which is 60% lower that the worst of the Great recession which was 18%, It's also the largest collapse in tax revenue in history. The reason most of the high tax states are such is the huge liabilities and pension obligations and with so many underfunded pensions many states really can't afford to see such dramatic declines in their i ... https://www.youtube.com/watch?v=H2e4XB3-Aq0

Economic collapse news. The Feds Lorie Logan recently gave a speech in New York and she stated the Fed Will need to begin Buying Bonds again and Much Much More than 2008. Makes you wonder why we have been hearing so much about the need for more quantitative easing. Will QE4 even be effective this time. Also in a recent survey 87% of CFO's say the U.S. Will be in a recession before the end of 2021. Surprised... this is actually an improvment from last month's survey. It is no wonder there is a growing concern about central banks ability to provide adequate stimulus in the next recession. ... https://www.youtube.com/watch?v=MctW2XfH3uU