America has a huge debt crisis!
Oh no not the one we’re the government keeps running up debt. I’m referring to the one that businesses buy other businesses with borrowed money. How much money can a business owe to its creditors before it has to pay it back. Now it might not be too bad if the consumer ( that might be other businesses too) continues to need and has the ability to pay, but like a rubber band that maybe stretched too far it may just break.
You might even think of those wild stock prices that are bought on borrowed moola. Do ya think that the borrowed money is going to pay back itself? We’ll do ya?
People are worried about their jobs and there are hundreds of government workers who are without pay. The private sector may save but the “ public sector” now now in all likelihood just might have draw from its savings. Do ya think that may be bad news economy for there might be a little less cash to draw on, so the markets perhaps don’t go up and perhaps even a pull back on buying so those who borrowed may be in a pickle. If those who borrowed are having hardship think about those poor lenders. Hmmmmm.
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