Even in the darkest days of 2008, the red-pen brigades at Moody’s, S&P Global and Fitch were never this busy warning of carnage to come. As COVID-19 fallout spreads, world leaders, cities, CEOs and hedge funds exposed to this plethora of red ink are all desperate to catch a breath—and a break.

即使在2008年最黑暗的日子里，穆迪(Moody’s)、标普全球(S&P Global)和惠誉(Fitch)的“红笔军团”(red-pen brigades)也从未如此频繁地发出“大屠杀即将来临”的警告。随着covid19危机余波的扩散，世界各国的领导人、城市、首席执行官和对冲基金都面临着大量的赤字，他们都迫切地想要喘口气，喘口气。