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> In some regards, the ZIRP era ending was needed; companies can't just make money by relying on hype for years, even decades before the piper needs to be paid.
by owebmaster 1y ago
> In some regards, the ZIRP era ending was needed; companies can't just make money by relying on hype for years, even decades before the piper needs to be paid. But of course it couldn't have ended in a worst time.
Maybe that is why lots of people are struggling more now while the economy numbers say things are better than ever.
- johnnyanmac 1y agoFor now. I believe the gdp started to slightly contract last quarter. The government never wants to admit times are bad, but eventually even their massaging of the data can't hide the true situation.
- blindriver 1y agoGDP contracted because of a build up of inventory. It was a technicality, the GDP actually grew.
- johnnyanmac 1y agoI suppose we'll see if they run through all that inventory. Or worse, don't run through it.