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Dan, iAllegedly 7/29/22:
"When is a Recession Not a Recession?
The Collapse Has Started"
"It’s official! We are in a recession. You can rename it anything you want, but the results will be equal the same thing. Businesses are suffering, people are being laid off, people have no extra money and there is no hope to fix this anytime soon #Recession"
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Related:
"Buckle Up, Cupcake"
by Addison Wiggin
“Today,” writes Garett Baldwin in the newly minted Agora Uncensored, “6,307 public companies trade on public U.S. markets.” Roughly 29% of these stocks don’t turn a profit. Seriously. Not a penny of profits. 1,941 companies have negative gross margins.” What happens now, when these unprofitable companies have to pay up an additional 75 basis points on all their new debt moving forward? “The answer is a significantly negative impact on their balance sheets.” Or, to put it more bluntly, these companies are in the tanker. Further, the United States has officially entered a recession, as this chart from Statista.com reveals:
And when "these companies are in the tanker" and declare bankruptcy, as they must and will, what do you think will happen to your job, Good Citizen? You and many millions others?
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