/biz/ - Business & Finance

>>55482976
Do you unironically believe that bond issuance works like
>one and done!
That they issue bonds once, and never again?
That there isn't rolling? That there isn't new issuance every year? That they don't ever have to refinance? Do you really believe this?
>pic related
It never ends.
>labor market is hot
Summer season.. just wait. We are already seeing it in manufacturing and services. They will go down. We are in an unusual environment, where companies struggled, very hard, for over a year to recruit / retain employees, labor shortages, due to covid. Nobody wants to fire employees unless the recession hits for certain. They don't want to go through the struggle all over again prematurely. But it is already 'written' - when there are no new orders, no order backlog, you can start laying off employees. China + EU contagion will hit US in the Fall.
>people will give up eating food just to buy the newest iPhone
Lol. Do you unironically believe this? The consumer is fucked. All time record high % of income being spent on rent/mortgage, all time record high credit card debt, all time record high student loan debt, all time record high auto debt, all time record high personal debt. They have been able to shoulder inflation by putting it all on their credit cards. And guess what? Credit card delinquencies and defaults are rising sharply. The consumer will be all out of their savings by October (according to JPM study)
The consumer has already been having to put themselves in debt that they can never get out of, at record high interest rates, in order to just survive. In order to pay rent and eat food - all on the credit card. They will not continue to buy iPhones when the layoffs accelerate. Lol.