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Monday, January 30, 2023 1:41:47 PM
Imo, if companies ran their businesses conservatively for the long haul, they'd be fine too. Most didn't. So, instead, some of the largest are finding themselves overextended and lacking a viable executable plan requiring a near term rewrite of their biz at the expense of employees, ops, and past public investment capital. In the meantime, boring well-run outfits will do fine at the expense of the not so well-run, much like the present turmoil.
It's (overt federal policy support) mostly an all for '24 campaigns issue which both parties will craft varying degrees of mutually improbable and ultimately meaningless support until, until a federal excise tax percentage is agreed upon. Until that time, I do, however, see SAFE being passed. Why? There's too much tax revenue from credit card sales being lost. And the card issuers want the biz.
Why do you think they (will continue) call it dope (in '24)?
Try asking the U.S. Government's ubiquitous paymasters --Big Tobacco, Big Pharma, the Cartels, and of course the Chinese!
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