Could you elaborate and maybe give some interesting sources too? Would love to read more about this
Discussion
Unfortunately I cannot say too much as my employer is a public company, but some high level stuff is 1) overbought inventory the past 18 months paid for with much higher freight costs that are never getting passed on 2) consumer purchases for non-essentials are way down 3) cheap money for over a decade has created horrible business practices and management teams that don’t actually know what they are doing, but could hide behind cheap money.
These problems, and many others, lead to more and more defaults coupled with a lack of capital in the market to paper over cash flow issues.
This is a much larger issue than just a post on Nostr, but that’s the 50,000 foot view.
so… credit bubble?
Big time
LFG!!
Worse.
The sheer amount of jobs coming online in universities that try to get donations from alumni etc. is eye watering.
The entire “university” industry can see what’s coming and that’s just this one industry.
During hiring interviews I noticed that many people are trying to flee before the boat sinks. All sort of cases, one company the high end product didn’t catch the market, company is closing. Another, in semiconductor market, customers have stockpiled and there is no demand now, causing cash flow issues.
Another company that built their revenue on subscription model. Customers are leaving because is non essential. Bankrupted.
And so it goes…
Yea indeed.