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Rune of Svalbard
According to Nicole
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Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "According to Nicole" channel.
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It's because they are financing 70% of their income on debt based fantasies. We have a neighbor: $300k home that just bought FOUR new vehicles. Ford F150 2023, Corvette, Crossover, and Suburban. Very simple middle class jobs and income. Absolutely crazy and I'm sure it's going to end in foreclosures and repos.
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Turns out that Reaganomics and low-interest rate policy lead to companies poorly investing in their product. They are looking for a quick buck. If their company fails; they sell their SHORT positions and claim bankruptcy. The realest businesses you'll ever find put up blood, sweat, and their own money.
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