I’m no doom and gloom type of guy but I do like it when stocks fall and the economy does well.
Except this time seems different. It seems like some companies will default once interest rates rise. Revlon for example(shit company).
Just like 2000 crash there are a lot of shit stocks in the market that will never be profitable. Some with the up most stupid business models around crypto. Others that just lose money quarter over quarter that need a ton of growth to be profitable.
So my question is simple how much debt do these shit companies(as a whole) have?
This statistic matters A LOT. If these companies cannot pay their creditors(banks) we are in a financial recession. These stocks I’m pointing out is probably a fraction of the debt crisis.
Shit companies include: $SQ, $COIN, $FVRR, $NIO, $WISH, $DASH, $PTON, etc.
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