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Correct. When you're paying no interest, you just take out loans and plow them into anything and everything. Crypto, Timeshares on future Mars colonies, you name it. When you actually have to pay interest on the loans, it suddenly becomes very expensive to run this enormous corporate and technical infrastructure with no realized profits.
Maybe related to the Fed raising interest rates?
Correct. When you're paying no interest, you just take out loans and plow them into anything and everything. Crypto, Timeshares on future Mars colonies, you name it. When you actually have to pay interest on the loans, it suddenly becomes very expensive to run this enormous corporate and technical infrastructure with no realized profits.