Charlie Buttrey

July 9, 2020

According to this article in the Wall Street Journal, 140,000 businesses remained closed as of June 15 because of the pandemic. Some 41 percent of those business have shut down permanently.

Meanwhile, the Federal Reserve has identified 794 companies, including Apple, Verizon, AT&T, Toyota, Berkshire Hathaway and Walmart, whose bonds it will be buying as part of a $500 billion effort to support the market for corporate debt.

Just sayin’.

© 2020 Charlie Buttrey Law by Nomad Communications