Description: (Bloomberg) — The global credit machine is grinding to a halt. The $2.6 trillion international bond market, where the world’s biggest companies raise money to fund everything from acquisitions to factory upgrades, has come to a virtual standstill as the coronavirus spreads fear through company boardrooms.
Date: Feb 26, 2020
Questions for discussion:
- What does the article suggest is happening to credit markets?
- Why is this so important for the global economy?