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Thinking We'll Avoid Recession Is Delusional | Michael Green

Wealthion - Be Financially Resilient

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The Hemingway Effect on the Economy

The number of companies that are in the levered space that can actually afford to refinance at today's interest rates is remarkably low. If you were a corporation that took out five and a half percent debt three years ago, you're currently paying 5 and a half on your debt. The profitability in the corporate sector, particularly for companies with leverage, just collapses in this environment.

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