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It's not just the US, it's every major nation. Companies are massively overleveraged across the board. Not being overleveraged a competitive disadvantage. It's
by gridlockd 6y ago
It's not just the US, it's every major nation. Companies are massively overleveraged across the board. Not being overleveraged a competitive disadvantage. It's the new normal.
- petrocrat 6y ago> it's every major nation No, Countries in Europe are providing fiscally sourced replacement to wages/salaries. For example Denmark is paying 80% of an employees salary if the company does not lay them off. This is a drastically different intervention than what the US is doing.
- gridlockd 6y agoI am talking about what happened for the past decade, not just the response to the crisis right now. Europe is doing everything the US is doing - and more.
- sudosysgen 6y agoThat's because a ton of European countries already have unemployment so generous that it's essentially the same or better than what the US is doing without having to do any changes.