Quote:
Originally Posted by GGG
Is that the final affects of Covid debt or something else? Essentially did government supports artificially surpress insolvencies as can see by the decline during Covid and this is the end state of business that would have normally failed but didn’t catching up?
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I would guess inflation related mostly. Some combination of increased costs, lower margins if businesses aren't able to flow all or most of those cost increases onto the customer, higher debt servicing costs and rent increases.