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How staying at home in 2020 affected the transportation industry: Part 3 : Debt as a life raft

[embedded content] We covered transportation equipment in Part 1 of this series and petroleum and coal products in Part 2 [[ ]]. Census Bureau data show that, as their incomes dropped, companies in these industries took out new, long-term debt. And that’s what we discuss here, in Part 3. The FRED graph above shows “Long-Term Debt Due in More Than 1 Year: Other Long-Term Loans” data for both the transportation equipment manufacturing and petroleum and coal products manufacturing...

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