The 2 achilles' heels of the US economy. - Part 2

https://www.reuters.com/article/us-usa-economy-unemployment/u-s-jobless-claims-jump-to-two-and-a-half-year-high-coronavirus-blamed-idUSKBN216241

The US jobless claims surged to 2 and 1/2 half year high without fully account for the covid-19 impact.  Therefore, the jobless claims will deteriorate further in the next report.

As the US jobless claims rise, the US mortgage debts will be greatly affected because many owners will give up their properties and the banks will be saddled with many repossessed and unsold houses.  Subsequently, this will affect the mortgage-backed securities.

http://sg-stock.blogspot.com/2020/03/the-2-achilles-heels-of-us-economy.html

The US corporate debts are getting affected by the covid-19 impacts now because S&P and Moody's have started to downgrade the credit ratings of big US firms.