Economy rattled: bankruptcies spike 44%, national debt surpasses $38 trillion, and Target announces biggest layoffs in over a decade while Costco gives shoppers cash

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00:00 Corporate Bankruptcies Surge 44% Higher Than Long Term Average
09:47 National Debt Just Surpassed 38 Trillion
15:39 Target Announces Largest Layoff in Over a Decade
18:23 Costco Groupon Pays You To Shop There

Corporate bankruptcies have been skyrocketing to the highest levels that we have seen since 2005 and I’ve been running over 40% above average. These bankruptcy show us just how we are economy is and how reliant we are on a low interest rate federal reserve policy and easy, cheap money. Once all that changes companies cannot survive.