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Kevin O’Leary warns chaos is about to begin for US economy: ‘Wake up and smell the roses’

“We have a crisis emerging. … I’m talking about companies with five to 500 employees, which represent over 60% of our economy,” O’Leary said.

“If you’re in the S&P 500, you have no trouble financing your business. You can’t say that about small business anymore. The cost of capital has gone through the roof.”

O’Leary warned that currently there are approximately 4,100 regional banks and this will go down to 2,000 in the next three years, leaving people worried about putting their money in banks.

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h/t Simian_Stacker

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