22 May 2020

DISTRESS AHEAD > Oatkree’s Marks Says Distress Is Coming as Fed Withdraws Support

Let's go more into "junk territory" . . . NO LIMIT?????????????
Defaults and bankruptcies are just starting. The greater the dis-location the greater the buying


May.18 -- Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, discusses the Federal Reserve’s great power to respond to the coronavirus pandemic, and the “substantial opportunity” his firm sees coming in distressed credit. He spoke exclusively with Bloomberg's Erik Schatzker from Los Angeles on “Bloomberg Front Row.”
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•May 18, 2020
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Paramount’s Media Heiress Will Leave the Stage After Last Act in a Chaotic Drama

An $8 billion deal Shari Redstone struck with Skydance Media must go through the FCC next year; new owners seek over $2 billion in cost cuts...