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Interesting piece on corporate interest payments in the era of rising rates. Not sure that's the whole picture, but still worth a read.
https://www.msn.com/en-us/money/markets/something-very-strange-explains-why-a-us-recession-has-been-delayed/ar-AA1e8rSG?ocid=msedgntp&cvid=98043dd70bb744ae800266d174d2f9aa&ei=19
The layoffs will probably happen anyway.
