Simply put, money that enters the account from goods sold (working capital), which is already difficult to sell (and now almost the entire market is like this), should not be put back into production. Many people continue to do this for the sake of beautiful reporting and "planned indicators for GDP." As a result, all this turns into an illiquid, which has been in stock for years and then gradually gets written off at a loss in uncomplicated ways.
The approach is flawed for both business and the economy. Previously, these losses could be covered by other sources, and the system somehow tolerated such a careless algorithm. But times are not the same now, and this style of work is starting to hit everyone.
There is a lot of talk that inflation will supposedly decrease in 2026. Honestly, I can hardly believe it. But the fact that the cost of money will increase with falling solvency is a very real scenario. And then the loans will no longer just be expensive, but gold. In such a situation, it is the availability of live money, reserves, that can support the business and help wait out the turbulence.
Believe me, when all this geopolitical turmoil related to the war is over and this looming and disturbing trigger of human negativity for the system is removed, everything will be released onto market rails to solve real budget problems. And there is the restoration of the same Ukraine, and low prices for hydrocarbons, etc. - the amounts are not small.
Therefore, today it is more logical not to rush blindly into production just because "the party said", but to carefully create a cushion so that at the right moment the process can resume on its own terms, and not dictated by circumstances.
