Agreed with kleinbl00. Seeking Alpha has been full of posts about the growing threat of corporate debt, coco bonds, stock buybacks, and all kinds of cheap credit maladies (hi-jinks) for the last five years. This has been referred to as the Everything Bubble. All prices are inflated due to central banks pumping cash into the system. The authors of these posts consistently warned that a day of reckoning would come. They warned that tightening of credit would leave a great many companies unable to service their debt, in many cases, the debt they used to buy their own stock to increase shareholder value. A tightening of credit, they argued, could result in events that could spiral out of control.
None of those Seeking Alpha authors said that a global pandemic resulting in a retail and service and travel and entertainment and production armageddon would cause the Everything Bubble to pop. They were expecting a pin. This is a shotgun blast.
We have a recession.
So, who is knocking at the door?