by evilgenius » Fri 05 Feb 2021, 16:50:29
$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('evilgenius', 'B')y the time Christmas comes around, anyone who has decided to go it alone, outside of the government's forgivable loan restrictions, will really be feeling it.
The markers could be touch and go, for some sectors. Hangers on, like JC Penny, may actually sink below the waves. Or, companies could become untethered from reality altogether, becoming believer's echospheres.
As though JC Penney hasn't been an economic disaster for a good 15 years now, and flirting with bankruptcy (at least on and off) for a number of years (I'm not going to bother to look it up).
Running businesses often involves debt. If debt can't be paid, a business is at risk. When there's a financial mess causing a big downturn, that problem gets magnified -- i.e. in any major recession.
Nothing really new here, except this mess came on very quickly, and was completely unexpected (economic signals don't trigger for a virus -- only when the economy is impacted because people stop going places and spending as much money).
Yeah, so maybe on a thread that is meant to be some fun I should have no fun. I mean this in the nicest way, I like you, but get off of my cloud!