Everyone knows that the best way to kill a Zombie is to smash its brain. For Zombie firms, that killer blow is higher interest rates...
Poster Comment:
From 40 to 50% of all firms trading on the NYSE will go to zero value in 2024 when we have higher interest rates.
Janet Yellen said we can fund wars in Ukraine and Israel when the 2023 US budget deficit was $1.7 trillion and she has to refinance tens of trillions of dollars at steeply higher rates. The 2024 budget deficit will be far higher than the $1.8 trillion Biden predicted by using higher GDP and lower interest rates than the CBO expects.
#1: Dakmar To: Horse, Esso, Straitgate (#0)
That $6.98 Service Fee keeps America running!
Dakmar posted on 2023-10-17 20:45:02 Reply Private Reply
#2: Dakmar To: Horse, Ada, Lod (#0)
Because every stock I own has gone T/U under Biden.
Dakmar posted on 2023-10-17 20:49:24 Reply Private Reply
#3: Lod To: Dakmar (#2)
Don't feel like the Lone Ranger up there.
Lod posted on 2023-10-17 21:00:32 Reply Private Reply