The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been largely brushed aside by resilient credit markets.
    • @hitmyspotEnglish
      6•1 year ago

      When it leads to layoffs it might affect us all.

      • @[email protected]English
        0•1 year ago

        Don’t worry. He’s going to build his own socialist utopia. With blackjack and babushkas.

    • @Num10ckEnglish
      2•1 year ago

      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.

  • Yewb
    8•1 year ago

    Boohoo they got drunk off of free money with 0% interest, get fucked and go out of business- no bail outs!