this post was submitted on 18 Jul 2023

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49

Long-feared corporate debt woes start to hit home (www.reuters.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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[–] Gutless2615@ttrpg.network 9 points 1 year ago (3 children)

I’m not afraid of corporate debt woes.

[–] hitmyspot@lemmy.world 6 points 1 year ago (1 children)

When it leads to layoffs it might affect us all.

[–] Gutless2615@ttrpg.network 5 points 1 year ago

Well corporate profits haven’t seemed to be helping us, either.

[–] n00b001@lemmy.fmhy.ml 3 points 1 year ago (1 children)

You should

[–] born2rune -1 points 1 year ago

Don’t worry. He’s going to build his own socialist utopia. With blackjack and babushkas.

[–] Num10ck@lemmy.world 2 points 1 year ago

corporate debt defaults are the burden of the banks, which makes them unable to approve loans, which kills off the smaller regional banks and also hopes for corporate growth, so jobs too.