Feels like people need a reminder that rising interest rates affect more than mortgages - Seems like the impact of rising interest rates on on businesses is always lost in the snowball of complaints and articles about mortgages and house prices.
It's all well and good to focus on the raw cost of your mortgage repayments and whether or not you can afford them with rising rates, but people seem to be underestimating how much the cost of financing business operations for tons of companies is also impacted... meaning businesses become far less profitable and job losses are therefore on the cards.
The amount of ASX listed companies you can view the financial report cards for alone and how much debt they carry is pretty staggering, now multiply that for all the small businesses and unlisted companies out there and, yeah...
One of the good things is that this SHOULD mean all these shitco's with crappy, unprofitable business models should fail (usually techbro meme companies, but not those alone) and we should end up with a bit more of a "real" economy afterwards.
Berkshire is hoarding so. much. cash.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
