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It's very clear and has been. Larger enterprises finance debts that carry interest rates. When rates go up, costs increase. It's the exact same thing in the mor
by revlolz 4y ago
It's very clear and has been. Larger enterprises finance debts that carry interest rates. When rates go up, costs increase. It's the exact same thing in the mortgage industry. When you go to buy a home, how much you can afford is determined by your how much you earn, how much capital you have, and the interest rate to borrow what you don't have. We're going to ignore full cash purchases because companies do not operate on full cash basis.
The point to my main post is that it's asinine to relate all these layoffs as "copycatting" one another. It would be like saying you only eat food because I do and you are copying me.
Or it would be like saying each of us has 10 days worth of food to survive 30 days. I implemented rationing to stretch out to the 30 days. You implemented rationing adopting the same strategy, but to say you are a "copycat" would be ridiculous.