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Long-feared corporate debt woes start to hit home
(www.reuters.com)
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this post was submitted on 18 Jul 2023
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I’m not afraid of corporate debt woes.
When it leads to layoffs it might affect us all.
Well corporate profits haven’t seemed to be helping us, either.
You should
Don’t worry. He’s going to build his own socialist utopia. With blackjack and babushkas.
corporate debt defaults are the burden of the banks, which makes them unable to approve loans, which kills off the smaller regional banks and also hopes for corporate growth, so jobs too.