I’ve always been fascinated by the US society as far back as I can remember. And as far as I can remember, my relationship has always been of « love & hate » type. These days, it is more on the « hate » side, sadly.

Absurdities

This is the absurdities of our economic system. This coronavirus crisis is going to cause a big reset. Daring Fireball: Hertz Files for Bankruptcy, Somehow Accumulated $17 Billion in Debt

How in the world does it make sense for a company in a low-margin, long-established business with financials like this to rack up $17 billion in debt? When times were good this amount of debt would consume decades of Hertz’s profits. This is bananas.