Surprising no one. Easy money spigot (low fed interest rates) turned off in 2022 after nearly 15 years of unprecedented low rates, which is the lifeblood of new enterprise so it’s expected the new openings would decrease. During that 1t years there were also lots of new enterprises that should never have been, but with money that cheap certain things were risked or penciled out at the time.
Combine that with the insanity of trying to run a business in the utter chaos and instability of the last 18 months, it’s no wonder businesses are closing at higher rates.
Many industries have entered into a massive depression driven by trade disruptions.
The stock market is detached from reality on a AI cocaine high worse than the roaring 1920’s. We are currently looking at a 10+ year depression and WW3 at the end.
Surprising no one. Easy money spigot (low fed interest rates) turned off in 2022 after nearly 15 years of unprecedented low rates, which is the lifeblood of new enterprise so it’s expected the new openings would decrease. During that 1t years there were also lots of new enterprises that should never have been, but with money that cheap certain things were risked or penciled out at the time.
Combine that with the insanity of trying to run a business in the utter chaos and instability of the last 18 months, it’s no wonder businesses are closing at higher rates.
The service industry is getting hit especially hard.
Many industries have entered into a massive depression driven by trade disruptions.
The stock market is detached from reality on a AI cocaine high worse than the roaring 1920’s. We are currently looking at a 10+ year depression and WW3 at the end.