Are We Headed For Economic Disaster?
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- Опубликовано: 14 сен 2023
- Peter Schiff and Jesse Kelly on FirstTV.
Recorded 9/13/23
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All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.
Fiduciary-counselors have exclusive information and data paths that are not available to the general public. Under the direction of my Fiduciary-counselor “Margaret Johnson Arndt” I made over $560k between Q3 and Q4 of 2022. I'm hoping for more.
Most likely, you can find her basic information online; you are welcome to do further study.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The attainment of substantial returns is not solely reliant on the volatility of high-performing stocks. It pertains more to the adept management of risk in conjunction with potential reward. Through astutely sizing your positions and consistently capitalizing on your strengths, you can steadily progress towards achieving your financial goals. This fundamental principle remains applicable across various investment methodologies, be it long-term investment approaches or day trading strategies.
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
Stacie Lynn Winson is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.
Staying in touch with a financial advisor was my effective strategy. During the pandemic, I outperformed the market, earning about $200k in four months. Its been a remarkable few years for me with my advisor .
I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more
She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!
When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.
It's a delicate season now, so you can do little or nothing on your own, hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $370K to $850k in this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market
*@heathermellon7826* Wow that's heavy! keep it up, I could really use the expertise of these advisors, my port-folio has been down bad....who's the person guiding you?
My Financial adviser is ‘’Camille Alicia Garcia’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usuallv carried out by investment experts or advisors with experience since the 08' crash
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.
@@africanboi4542 this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy
@@adenmall7596 Mrs Marisol Cordova” is the advisor that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up
@@africanboi4542 I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
At present, my main concern is finding ways to boost revenue while facing periods of quantitative easing, as I cannot afford to watch my savings diminish.
true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license a professional and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@laszlolee How can I contact your Asset-coach as my portfolio is dwindling?
@@melissawehner I'm been guided by "Susan Bauer Normansell," who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
@@laszlolee Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
If we are to survive in this economic crisis we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. I'm still at a crossroads deciding if to liquidate my $300k stock portfolio
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
I've been working with an advisor for a while now, and I've made almost $320K since the second quarter. Having a financial consultant is currently the ideal course of action, particularly for those who are nearing retirement and are unsure how to approach the financial market.
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is this consultant?
*Sharon Louise Count* does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again
@@KevinClarke9 I'm happy to have stumbled upon this discussion. If you don't mind, could you tell me the name of the financial adviser who helps you with your investments and how I might contact them?
My advisor is Christine Jane Mclean, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@KevinClarke9 thank you for this tip, I must say, Christine Jane Mclean appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
USD$ definition:
The US dollar is a protection racket not a currency. 🎯
Term limits for politicians. Gut the government. Phase out social security. Scale back defense spending 60%. Stop sending money to Ukraine.
30-40 years too late for all that . The heist was the last 40 years. Term limits will come post collapse . Too late for the 99 percent
Get rid of Obamacare and medicare and inject competition into the healthcare marketplace and prices will go way way down.
Your right Peter 2008 housing disaster is still been felt
Once the world returns to sound money.... the world will be a better place.
Yes, but that could take a lot longer than you can hope. Voting fools will opt for the mirage of fiat promises until hell actually freezes over. Yes, the zombies are very resilient.
That will never happen. The rulers of the world are going to try to destroy us all
How can that be the real number when government took out Housing, Food and Energy!!!! All three are citizens main concerns.
It's straight up fraud.
My fear is that the economic collapse will be blamed on “capitalism” …. Which we don’t have.
The state always blames the free people for the problems they cause.
And white men
they will blame the Jews like Hitler did....
Do not fear. The miseducated fools (anyone with an "economics" degree from a university) will surely blame capitalism. The real causes are ignorance and short-sightedness.
Don't worry, a better version of capitalism is now at work, i.e. China's State owned Capitalism as prof. Richard Wolff puts it! And to be honest they are kicking our @55!
3.7 is an effing lie. More like 15 percent
🎯
Peter is the Schiffest of all the Schiffs.
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with NICOLE DESIREE SIMON and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
I just paid cash $ 5.29 a gallon for unleaded gasoline at the cheapest station in town. I am in Southern California but plan to flee to Texas soon. I fear 2024 is going to be the year of economic reckoning and I am looking forward to it. Hopefully it will be bad enough to get us to pull or collective head out of our collective anus. If not, then it will be a steady spiral down.
I’m expecting the steady spiral down. These leftist are too damn brainwashed to change.
Whatever u do, don't go to Texas. 😅
Like the rest of Texas will ask you, please don’t vote Democrat 😂😂
@@Shutthefuccupppp1234
Thank you for stating what clearly needed to be said.
🫡
Please DO NOT go to Texas and begin voting blue. You Democrats are like cancer. I know not everyone from California are Democrats but many are.
We all suspected months ago that this soft landing wasn't going to happen and that the economy was doomed. However, after two months of really bad data, we have the evidence that the economy is doomed. It's completely unavoidable at this point. The question now is when and how quickly. My fear is UK-style slow collapse.
Governments need to be prohibited from borrowing money, period, except maybe in the case of an existential crisis of non-human origin.
That can be arranged for the right price.
The irony! What we did to Cuba, Venezuela, Iran and North Korea is going to happen to US now! For them it was embargo, but for us is the result of nice policy management I say!
Peter Schiff is spot on the mark .
Has anyone fallen for these scam comments trying to sell you on some genius investor who grew a nickel into $200,000?
I haven't fallen for it but it's really annoying having to sift through the bullshit
they are everywhere - just report them with the side 3 dots
@@zeusvalentine3638 That literally does nothing, they have millions of accounts. To put it simply, Google doesn't give a flying fuck about their services.
Anyone who does is a hopeless case and will get conned somewhere.
They are in all channels that take about the economy and real estate. I report some but not sure if it helps. They're scammers!
As always, Listening to Peter is a great pleasure.
Sadly, most won't listen to him till it's too late. He's been accurately predicting boom & bust for over 2 decades
@@dansemacabre6515no, he has been predicting just doom for the past 20 years. Thus a nickname Dr. Doom
Peter is absolutely correct about the coming reckoning. Too bad so many decision makers have their heads in the sand.
I think they know exactly what they are doing.
They have their heads up their 'bum' and can't see nothin' but dark!
Many of the decision makers are in their 70s and 80s. They will not live long enough to suffer any of the consequences of their decision. They rather enjoy their wealth now with all that printed money.
Anyone who has an understanding of Austrian Economics knows how this will end! Wealth is not printed. It is produced! You can't have more takers than makers and expect things to get better and keep going!
Another dose of truth. Great commentary Peter.
Asking Peter Schiff if we're headed to economic disaster is like asking a real estate agent if now is a good time to buy a house!
Not that we're not heading for disaster.
We haven’t had an all time high since January 2022…takes time for a crash to happen but it looks bad now
So we’re basically all screwed?
Yep. Buy gold and silver, don't marry or have kids don't buy vehicles unless they're total beaters.
You’re the best, Peter!
Brilliantly explained. Thank you.
"What the Fed should do..." or "What should Congress do to the Fed..."--> hara-kiri (but, there is NO HONOR, either in Congress, or in the Fed)!
Here comes the pain folks , Time to bleed , I Fing love it
Peter has correctly called 328 of the last 2 stock crashes.
Good one, Peter
We will be told the inflation rate is under control as soon as they come up with a new way to caculate the CPI.
We've been hearing this for 3years now. The economy sucks, but evidently it isn't going to collapse. At least not in the near future.
Peter has predicted 20 of the last 2 recessions
How does this end? In hyperinflation and absurd amounts of crime like you would not believe
I shake my head and I think how can people really not see this coming. I feel like Cassandra
If I had a penny for every time Peter schiff said we’re headed for an economic disaster……………….……………………………..
Schiff is the GOAT
Zimbabwe, Argentina, Germany do not compare at all to the US dollar because none of them had the world's reserve currency, which has, and will continue to, allow us to print vast more multiples amount of money before a similar currency collapse happens. Its likely bought us many decades of additional time and multiple fold trillions of dollars in more printing money than any of those countries had.
The US has had 40 years since it untethered the final link between currency and gold. I'd say it has at most 10 years but no way to be sure. Depends on how smart Russia and China are in getting rid of US treasuries and dollars.
I knew Peter would say no and bring a positive spin
Peter has always been right
@timcraven3543 The only thing Peter got right is inflation but every investor knows about that.
That's why investors invest.
Peter has been dead wrong on all his major predictions:
1. Going back to a gold standard is inevitable
2. Worthless dollar
3. Worthless crypto
4. Rate hikes from 0 in 2015
5. Rate hikes from 0 again in 2022
6. Another housing bubble
7. 100x on gold stocks
8. $20,000 gold
9. New high for silver
Most Americans find it hard to retire comfortably amid the economic crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs. The importance of having financial safety could be why boomers are turning towards advisors in retirement planning
A lot of folks downplay the role of advisors until being burned by their own emotions. I needed a good strategy to plan for retirement, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.
'Stacie Lynn Winson' is the one who deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend exploring her work and locating her online if you are internet-savvy
A lot of folks downplay the role of advisors until being burned by their own emotions. I needed a good strategy to plan for retirement, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.
There has been so much knowledge shared here, I'm at a crossroads with my portfolio and would like to see it grow in view of retirement. How can I reach this professional?
So when? See thats the real question that never gets answered.
All Stores Please Lower the price of all Military and Local for all Brands of Economy Products and Accessories and Production Cost Now That's too much $$ The Whole World Now 🙏🙏🙏
But, but, but - I thought that the Inflation Reduction Act would stop inflation.
A Libertarian/Austrian free market is free for rentiers to extract wealth from whoever they can, it’s not at all free to produce any wealth.
Behind the maldistribution of income in the United States is the concentration of wealth in the hands of a narrowing layer of the population, dominated by rentiers. To justify their extractive behavior and support their self-serving mythology, it is necessary for the economy’s GDP statistics to depict all income as being earned by making a productive contribution. That was the anti-classical revolution led by John Bates Clark and the Austrian School in the late 19th century, denying the classical distinction between productive and unproductive labor and investment.
Michael Hudson. The Destiny of Civilization
Stop the reckless spending
I never took an econ class in college but it seems that Schiff is saying inflation will destroy the value of your dollars but assets will go up . Therefore people should own houses or other assets that will become more expensive with inflation.
Peter 🐾🐾
One trillion is one million millions. Twelve zeros . Interest on out debt is almost one trillion a year. If rates keeps going up we will pay one trillion dollars just in interest. 😮😮
If we (eventually) have a collapse, does our balances just go to zero?
It seems like the only answers I see are to switch into a broad basket of commodities.
Appreciate any answers, suggestions.
No . The debt and savings remains . Gold is a seperate entity and can be raised to any price for government to be solvent as it’s needed. No one will lose their actual dollars . They will just buy less (already happening) . So if your a saver, that’s good. But if u have lots of dollars u need to take action and put a percentage of dollars in gold to protect against devaluation. Life goes on after. The sun rises. People will need to save money in future to buy things instead of taking out as many “loans”. We need to start making more here for World to buy and consume less. (Also already happening ). Less retail and more chip factories being built . Gonna be a long 10 years.
No one loses actual money except purchasing power. There won’t be a debt jubilee or any other bs conspiracy theory. Have dollars and gold . Even a little Bitcoin . I see Bitcoin used as a reserve and for trade in future .dollar will be used locally won’t have much purchasing power to buy overseas stuff
No, everything is super. Unemployment is record low.
It's a production problem.
Shazam
Ima hooked on the phonics tada yah Ohno oh joy oh jolly jam yah 🎶
Arg says everything is just fine. If it wasn't, arg would be $100
The Wrold's total debt asset is actually close to a *quadrillion* Dollars. It's something like $930 trillion or so. Those are the kinds of numbers that only astronomers and theoretical mathematician should deal with. That is unfathomable, utterly unrealistic amount of wealth. It'actually 6-7 X the total accumulated wealth on Earth. Money used to mean value, which meant a *physical* asset that a human being actually needed/wanted. Now, banks and brokers just create "digital" money that means nothing. What people don't realize is that we are stealing from *children* .Not only are we burning away all the wealth that our fathers, grandfathers, great-grandfathers and so forth built over the millenia(going back to the Bronze Age, really), but on top of that we are leaving trillions in debt to our grandchildren. We have managed to burn away, in less than 100 years, some 4,000-5,000 years of accumulated wealth that we accumulated as a *SPECIES* (meaning "the entirety of the Human race over 4,000 years") and our spending orgy is so frenzied that we are burning not only all that our forefathers built, but taking from future generations as well. It's despicable. We crave spending like a coke head craves cocaine. In fact, it might be the same thing...the dopamine rush from squandering wealth just like the dopamine rush the coke fiend gets from the high.
What is a stable currency to invest in?
If inflation keeps going up my family and I might starve lose the duplex we rent and have a drastic downturn in my everyday living like gas and food.. I'm very worried I'm an hour employee..
'Tragedy' is *already* a reality. I just learnt I was born in the not-so-lucky 'trailing-edge' cohort of Baby Boomers, who hit the '83 & '90 recessions early on. 2008 finally destroyed me.
Now they come out with stats showing the people in this cohort, and indeed over 50, have had the most dramatic increases in homelessness since 2008, and of course since the couf. That article had a picture of an ex math teacher in Miami sitting under a bridge. Not to mention what all this crap is doing to destroy any hope for the younger people. The 💩 just never ends!
OPM endtimes Louise.
My only issue is he has been saying this since 2009 - but nothing has happened yet. What is the tip of the iceberg?
The "DXY" = Dollar Index has gone "UP" NOT "DOWN" .... REPORT REAL FACTS!
Coalition of Country’s. COC’s.
Time for Leaps on GDX calls ?
No worries. Govt no longer gives new retirees Social Security, even to those who paid taxes and whose people lived here for many generations, because they "can't verify " the provided information given on the application.
Henceforth, I will identify as an open border crosser so I can get $2,200.00/month.
What am ignorant comment. Obviously you eat up the lies you read.
I have had very long delay requesting Discover Bank pay tuition to school. 3 weeks is crazy.
33 Trillion on us debt clock would seem to be a magic number
Yaaay Peter - I hope you got your throat checked out if it's still bothering you - I am concerned it's something worse.
Keep on stacking 🪙🪙🪙
we all know full well not having a balanced budget has its effects.
As long as we ignore Energy, Food and Housing, we have no inflation
Those are the three most important things.
@@hymansahak181 excatly
Great Britain
The Great Taking is upon us
🎯
Solution to solving inflation: cut M2. But the Fed will never do that because that’s the foundation of their existence. So the only other option left: war based on another BS like all other wars. I have summarized everything you need to know.
6:00 mins.
Dollar overtook gold bc it was backed by gold.
Maybe a gold backed crypto is what will over take the dollar.
Paxos already has it.
@chaddy-me-boy8299 YEAH!!! We'll make the government pinky promise to leave a gold backed crypto bank alone. That'll work for sure. HAHAHAHA!!!
Give me a break. A gold backed crypto does absolutely nothing to stop government from taking control. A gold backed crypto is ridiculous because the whole freaking point of blockchain is to escape the trusted third party and the government. Bitcoin is decentralized and it has rules without rulers. Bitcoin doesn't need to be backed by anything because it's money that can't be printed. You simply just spend it. No need to go to some sleazy banker to get something physical before the tyrants take over.
Peter won't mention Paxos because it's built on ethereum. He doesn't even want his followers to know what ethereum is because it's so much better than gold. He wants his followers to just buy his silly gold coins and blindly believe that gold will be money again someday.
Been hearing this forever now 🤣
if you had $100k when Biden took office, now it's worth only a tad over $80k
Revelation 18:7
“How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow.”
King James Version (KJV)
Wall Street is trapping those long the market.
Buy gold and more silver(phisical and mines shares)
@@peter____schiffthe interest of 10 years bond will drop and drop in USA,that will make dollar usa down and the shares in gold and silver up.
The government will PROMISE to back the dollar with gold. See any problem with that sentence? Bitcoin doesn't have that problem.
tldr yes.
6:10
Peter looks better gray then he did years ago
Nesara/Jesara wait for it.
Pete said dollar gonna go down for a long time but its mooning
Rome all over again. They will break you until you sell your gold. Then digital, then gold to the moon.
50 trillion dollars of unfunded liabilities in the next 20 years to fund social security, medicare and medicaid.
No benefits or social security by2027
99% of transactions require cash or credit card.
Blame it on Trump and then lock him up
I don't see the world moving away from fiat currency. Why would they?
is it not true that the USA achieved economic disaster in 1913 with the FEDERAL RESERVE? 😵💫
One point to clarify this, the wealthy do save up enough to buy their next assets. They do not save as a means of building wealth or as a retirement strategy
If a collapse in the stock market or housing market happens , I have cash to invest but the experts keep saying it won't happen.
2023 is just the beginning of the end that is to come...😪🙏😪🙏
The last few presidents in the US made that a reality. So remember to thank them for the comming nightmare. Unless you´re loaded up on PM´s of course,
Why is the dollar rising?
Cleanest shitiest currency on the planet.
Re: prepared-Rather be 10 yrs too soon than 1 sec too late.
Companies mostly have no problem at all so far. They have debt with the low interest rates of the past and get much short time interest for the cash. High interest creeps very slowly in the economy.
Your far too optimistic. Once the dominos really start to fall, all those "safe" companies will fall, too.
@@thefalsehero I am not optimistic at all, the second wave of inflation has just started. I see tough times. But I read many company reports and for some the net interest is positive despite the debt. Some which need money now get heavy yields. The majority of debt problems will occure not before 2024 and 2025.
Is the Titanic headed for an ice burg? Some would say no. After all it is unsinkable, right. All this talk is just that isn't it?