If you're a company who invested in a great workforce, and is getting nuked due to demand destruction, borrowing to keep paying them is a savvy long-term bet.
If you can't borrow, you'll have to let them go. That not only creates human misery. It also destroys the human capital you carefully built.
Money supply.
If you're a company who invested in a great workforce, and is getting nuked due to demand destruction, borrowing to keep paying them is a savvy long-term bet.
If you can't borrow, you'll have to let them go. That not only creates human misery. It also destroys the human capital you carefully built.