Small caps podcast with Paul Scott – Episode 14 (part 2 of 2) for 2023 – markets & macro
Paul Scott’s usual stream of consciousness for the week’s news & views on macro and markets topics.
In particular, I’m worried about highly geared companies, with lenders not likely to be as accommodating as they were during the 14-year 0% interest rate period. With higher interest costs mounting up, zombie companies may face administration – as we saw this week from INCE being pushed into administration by a major creditor. We’ve been warning people against INCE for years in the SCVRs, so I hope no listeners were caught out on this one.