Posted on 01/12/2025 4:47:43 PM PST by frogjerk
US corporate bankruptcies hit their highest level since the 2008 financial crisis - as Americans tighten their belts.
Companies have also incresingly been grappling with high rising debts - driven by high interest rates that caused borrowing costs to spike.
In 2024, 686 companies filed for bankruptcy, up 8 percent from 2023 - and almost more than 2021 and 2022 combined. It also marks the most filings since 2010, according to data from S&P Global Market Intelligence.
In addition last year, more companies tried to avoid bankruptcy through out-of-court actions, with these efforts outnumbering actual bankruptcies two to one, according to Fitch Ratings.
(Excerpt) Read more at dailymail.co.uk ...
"The market is doing great!" - You cannot buy everyday goods like food, gas and energy with your 401k.
I paid $6.72 today for 18ct. Large Eggs at Walmart. It’s getting ridiculous. President Trump can’t come soon enough for me.
Predictions of a possible economic disaster in the first half of this year...
IOW, someone is planning on crashing the economy so as to blame Trump.
House prices are going to crater and when that happens no one will be able to dip into their mortgage for cash and that’s going to put a lot of people under financial stress. It’s also going g to drive prices down in other areas as well.
PDJT is going to have his hands full starting next Monday.
No one is planning to crash the economy. The decades of living high off of borrowed money are finally coming home to roost.
I don't understand why Walmart eggs are so expensive (yeah I know, bird flu flock culling). At Kroger I paid $2.49 for a dozen yesterday. A couple weeks ago they were on sale for $1.50 a dozen there.
Well the Fed and the current Treasury Ops certainly seem to be doing all they can to swamp Trump.
Everyone knows we’re in trouble. I hope that includes PDJT I believe we can ride the storm out with him in charge. Either Biden or Harris, we had no chance.
UK Daily Mail that’s rich! Look at your own backyard first, you’re in no position to judge others particularly the US.
Yeah, eggs are reasonably cheap here in Florida particularly at the local Publix & Winn-Dixie. I stick with Store brand.
The government better not default on that $10,000 @ 10% five-year bond I bought last year…..
BTTT
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