Showing posts with label Why the country maybe in bad shape because of high interest rates. Show all posts
Showing posts with label Why the country maybe in bad shape because of high interest rates. Show all posts

Thursday, December 1, 2022

Steve’s Barking; Will high flying companies collapse

Will call companies like Amazon and Tesla collapse?  Hugh companies like Tesla and Amazon have a high chance of not being around by 2030. BS one might say. Why just last year their profits were soaring.Ah but there debt was also soaring. Tesla opened new factories on borrowed monies and Amazon borrows money to buy businesses. This was ok 👍🏾 when the country was running 🏃‍♂️ on free money ( real low interest rates). Net profits were up, now that interest rates are higher ( much) profits are going to be down if they exist a all. One can make a good case these high capitalized companies will be hemorrhaging money. Heaven help us if these companies can’t survive because of debt overload.