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#stockmarket #economy #business
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While everybody and their chainsaw is fixated on US federal debt, there is another type of debt that has grown just as fast, and is most likely a bigger problemā¦ Business debt is now at all time highs and is approaching 14 TRILLION dollars in America alone. Unlike the government, private businesses donāt have the luxury of printing their own money in an emergency, and as interest rates have risen they are starting to feel the squeeze. To make matters worse most of this money hasnāt been used to make productive investments, itās been used for āfinancial engineeringā to make investors happyā¦ in the short term. This trend is the result of a business strategy that can explain the stagnation of companies like boeing, intel and general electric, itās largely responsible for increasingly unstable stock markets AND itās also making that other debt situation much worse. Now the best part is that this has been tried many times before and people KNOW that itās not sustainableā¦ but thatās a problem for next quarterā¦
