The stock and bond markets' rally on Federal Reserve aid will backfire once the economy turns around, the Oaktree Capital founder believes.
Much of the country's recovery hinges on an uptick in spending, and Lasry fears soaring unemployment and diminished confidence will delay the rebound.
While Hertz has generated consistent growth in both price and volume over the last three years, virus-related disruptions raise doubts about survival.
After a brutal start to 2020, hedge fund manager and ex-White House communications director Anthony Scaramucci is turning to the big boys for help.