US Bankruptcies Busting
1/29/24: Us Bankruptcies Surged 18% in 2023 and Seen Rising Again in 2024
(Reuters) – U.S. bankruptcy filings surged by 18% in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level seen before the outbreak of COVID-19. Total bankruptcy filings – encompassing commercial and personal insolvencies…
This Is Merely the Very Beginning. This Year, at Least 21 Spac-Listed Companies Declared Bankruptcy, Wiping Out a Total of $46 Billion in Equity. Coming: The Mother of All Crashes Coming
0 HNewsWire: A wave of bankruptcies and corporate defaults can be imminent as US corporations are being battered by rising loan rates. Experts caution that as high interest rates have an adverse effect on both consumers and businesses, it may increase the likelihood of a recession. As of the end of August, 459 businesses had…
The Coming Crisis of Cities: Reinvention or Bankruptcy
by Charles Hugh Smithof two minds.com The human population has become increasingly urbanized for compelling reasons that have been in play since cities were founded thousands of years ago. In a nutshell, cities offer greater economic / social opportunities and more novelty, variety and excitement. Cities became possible when agricultural surpluses enabled labor to become specialized. This…
US Bankruptcies Busting Out to Match 2009 Peak Mean Trouble for Stock Market
The following article by David Haggith was published on The Great Recession Blog: Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy last week. That brought the total for the big boys and girls this year to 117, which matches the record peak for the first half of a year set in…