Corona Crisis: Many Companies Will Need Bailouts

Jim Rogers commented on the current crisis on RT.com. The legendary investor expects airlines and shipping companies to be bailed out and that we are headed toward the worst financial crisis of our lifetimes:

I told RT earlier that the next time we are going to have a financial problem it’s going to be the worst… it appears we are headed toward the worst financial crisis of our lifetimes. We will know in a few months.

"Companies with big debts are especially vulnerable at this time."

"Companies participating in international trade in particular will have serious problems. Some of them will be bankrupt. Major airlines and shipping companies will probably be bailed out because it would otherwise be embarrassing for the countries."