Companies are declaring bankruptcy, individuals are failing to meet loan obligations, yet Janet Yellen has stated, “I don’t see any sign that the economy is in risk of a downturn.”

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Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic.

https://apolloacademy.com/bankruptcies-rising/

His source appears to be this and it only refers to companies with over $50 million in liabilities.

So the y-axis is the number of companies filing for bankruptcy, so a peak of an average of about 8.5 a month.

Credit card losses are rising at the fastest pace since the Great Financial Crisis

 

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