Yeah thats gonna be a problem after xmas. Best time for a lot of businsses globally, after xmas we will see how discrectionary spending went. And with it, a lot of businesses. Any business that does not have a streamlined (ie easy to find and buy and have delivered) website/online presence backed by phone in queries/assistance and tries to compete - will fail. Add to that discrectn spend is falling, inflation on core items is eating into any spare $$ anyone might have - hard to see how anyone in the bottom 90% gets ahead unless those with debt can refi at CB rates. IF they really wanna fix it - CBs refi individual mortgages commercial and residential at 0.5 to 1% Remove banks from the circle. Banks can go and play with non gdp spec lending so no more price gouging individuals on loans. zombie cos and their debt can go back to the lenders - the banks that we have just isolated individual loans from. and shareholders. No tax payer bailouts AND if winding up - employee payouts come first and if not covered - the tax payer will pay that AND proceed with action to get that money back from the BOD. THat fixes soo many things on soo many levels
and shareholders. No tax payer bailouts AND if winding up - employee payouts come first and if not covered - the tax payer will pay that AND proceed with action to get that money back from the BOD.
