AAAU - Gold Is Good: Why I'm Adding In A Deflationary Meltdown
The damage spreads
It's not only restaurateurs refusing (unable) to pay rent. As in the early 1930s, deflationary problems are rearing their head more broadly. As an example, see this report Sunday from Seeking Alpha:
Honeywell pressures suppliers to cut prices 30% - Barron's
- Honeywell (NYSE:HON) is asking some of its suppliers for 30% price cuts, extended payment terms and other concessions, Barron's reports, citing a letter that says the request mirrors demands it is getting from its customers due to the economic impact of the coronavirus.
- "Customers have come to us