All aboard the Bidenomics Crazy Train! Let’s see. We have inflation that is eroding wage growth so that REAL wage growth is negative. Meanwhile, the Biden Administration and Congress are spending like they can print infinite amounts of cash with no consequences. The result? The Federal government is paying nearly $1 trillion in interest on an annualized basis. On the corporate side, we are seeing a surge in bankruptcies. As Visual Capitalist’s Dorothy Neufeld and Sabrina Fortin show in the graphic below, based on data from S&P Global, corporate bankruptcies in 2023 are surging… U.S. Corporate Bankruptcies Grow So far...
