Market's Got You Worried? Just Watch for the Layoffs
Unless a sharp uptick in confidence sweeps through the markets, higher rates will cascade across less-solid companies, if they can get hold of cash at all.
The scary part is that few companies have the same financial cushion as GE. And as their borrowing costs increase, they will have to scramble to cut their fixed costs.
And what is the No.1 cost of business? People.
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