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.”

Sharing is Caring!

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.

See also  Small-cap companies are teetering on the edge as funding conditions start to tighten.

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

See also  Shipping Data Reveals The Global Economy Is Cracking

 


372 views