/biz/ - Business & Finance

>>17841444
Exactly. This is what I've been saying to people for years but everyone just brushes it off like it would never happen.
Money is worth less and less with each passing year, while the trickle down rate is decelerating as well, but instead of trying to fix the issue companies and markets just doubled down on blind growth by relying on the next layer of consumers able to afford their services while neglecting the increasing number of the ones who couldnt.
What this does is create massive debt because the regular citizen won't stop living their life, so they will just take debts to compensate and inevitably default. The education industry is the prime example of this, but it happens with all industries.

This whole thing leads to a downward spiral where suddenly no one can afford anything anymore and debts can't be paid and banks collapse as well as any form of investment because there's no liquidity left and no one can afford to buy.
It was only a matter of time before it happened, and corona was just the pin needed to burst the bubble.