What that means is there is a lot of debt that will need to be paid before interest rates can rise again. Big corporations hold a large percentage of this debt. All this put together tells us big business is attempting to pay off their loans and remain solvent. They will be unable to count on money from the sale of stock to pay these loans. Plus, as the economy weakens, there will be less money available for people to buy their inventory.
Big businesses are in the cost cutting mode.
This will involve more rounds of layoffs and cutbacks in the work force. But not everyone is looking at the gloom and doom picture. Let's consider a few more facts here. Richard Sasman, chief economist at InterMarket Forecasting, believes that E-commerce is changing the way people and firms do business. That's roughly 168 million people.