Weekly Market Snapshot – August 24, 2020
Created by: Sam Tenney
- As of August 17th, filings for chapter 11 bankruptcy of companies with over 1 billion in liabilities hit a record 45 companies, the fastest growth in defaults on record.¹
- The “Jackson Hole Symposium” will take place this week, August 27th to 28th, as a virtual event for the first time. The symposium is a meeting between many domestic bankers, government officials, and academics, to talk about the state of monetary policy in the United States.²
- China has released a massive push to curb food waste within the country, called the “Clean Plates Campaign.” With Covid-19 exposing vulnerabilities in the countries food supply chains this push to reduce food waste will try help to shore up some of the country’s reliance on imports.³
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