The recent news of the SV Bank collapse is just one example of a business that was mismanaged, but there are plenty of other companies that are struggling to continue to operate daily. The banks are just the tip of the iceberg.
Think about this, if banks are in trouble and they are in the business of money, which is the lifeblood of all companies, and they are struggling, imagine what a small business is going through now. I am not an economist or an expert on money management. This is just an observation.
- More banks are in trouble and are being looked at by federal regulators.
- Businesses are laying off employees by the thousands.
- The economy is the worst it's been since 2008.
- The cost of everything is up.
What will be the tipping point for the US economy?
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