Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic.
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.
— Win Smart, CFA (@WinfieldSmart) September 24, 2023
Credit card losses are rising at the fastest pace since the Great Financial Crisis
ISM New Orders have been in contraction for five quarters. It’s incredible to think about it. t.co/GbiiyNdN1h
— Danielle DiMartino Booth (@DiMartinoBooth) September 24, 2023
Janet Yellen has said: "I don't see any sign that the economy is in risk of a downturn." pic.twitter.com/Hav4R7mwyf
— unusual_whales (@unusual_whales) September 24, 2023
🚨BREAKING: 10-Year Treasury Yields Approach 2007 Highs
From cars to mortgages to credit cards, costs are soaring and show no signs of dropping.
The economy will buckle. pic.twitter.com/0KA1n1Uxlw— Genevieve Roch-Decter, CFA (@GRDecter) September 19, 2023