It's crazy to see it finallly playing out and I've been thinking this for years I guess things only correct when it will inflict enough pain, but man watching the layoffs and people shutting down their businesses is nuts, people will have to learn to calculate risk and many of these businesses were a drain anyway or just grifts, scams or nonsense, taking out the trash is good for any system
Discussion
I agree. Zombie companies are a tax on human energy and are a product of the Fed's disastrous efforts at central control. Thankfully (and painfully), the US government continues to undermine USD hegemony as the elected class advances high time preference policy. Which is not at all surprising seeing as they will all die of old age in the next 10-20 years.