GDP & Stocks Down + Inflation Up = Recession – Ep 805
The Peter Schiff Show Podcast
00:00
Carvana and All Its Investors Were Skinny Dipping
The only way carvana could avoid bankruptcy would be some kind of restructuring in a t for equity swap er the holders of these junk bonds would turn them in and get stock. So most of the currn equity will likely get wiped out, leaving investors, including some big head funds, with huge losses. But it's not just the investors who are going to lose. I'm sure there'll be a lot of layoffs associated with trying to down size the company. All this is an example of mal investments that occurred during the bubble, because money was borrowed that never would have been borrowed.
Transcript
Play full episode
