Bad decisions inevitably lead to bad consequences, and we have been making bad decisions for a really, really long time.
Large businesses are declaring bankruptcy at a staggering rate, and yet we are being told over and over again that the economy is just fine.
For example, it is being reported that U.S. corporate bankruptcies “spiked” during the month of August… U.S. bankruptcy filings spiked in August after a slowdown in July, propelling the total for the first eight months of the year to the highest level since 2020 and second-highest since 2010, S&P Global Market Intelligence said Monday.
But this time around, we don’t have lockdowns to blame for the tsunami of corporate bankruptcies that we are witnessing.
Meanwhile, small business confidence was way down last month… In this economic environment, small businesses are hurting even more than large businesses are.
Needless to say, most of the country isn’t buying it.
The last time that corporate bankruptcies were this high was during the early days of the pandemic in 2020.
https://citizenwatchreport.com/bankruptcies-spike-again-as-americas-economic-slowdown-accelerates/
No comments:
Post a Comment