SFY - Businesses Are Drawing Out Their Credit Lines While Consumers Pay Credit Cards Down
The economic impact from the pandemic is early and already it is apparent that some sectors are being hit much harder than others. It is becoming increasingly clear that, so far, businesses are being hurt more than consumers. Going into the recession, businesses in general had much more debt on a historical basis than consumers. Almost every business segment outside of groceries and few others is likely to be impacted. Some such as many oil & gas, recreation and travel related companies face an existential crisis. Consumers, of course, are feeling pain and many are