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Midwest | The 80's were high interest rates and when the grain markets collapsed any leveraged business was headed south. All the same things exist today except interest rates are much lower now. It still boils down to free cash flow. If you are not profitable and unable to service debt the banks will still be quick to protect their loan through liquidating your long term assets. In other words they will not hesitate to do what they have to do. | |
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The trap has been set.
