Rising Business Bankruptcies, Looming Debt Crisis, and the Warning of Falling Oil Prices in Gold Terms Signal Impending Hard Landing

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As economic indicators paint a foreboding picture, the descent of oil prices in gold terms serves as a stark warning, signaling the potential for a hard landing. The alarming reality is further underscored by a concerning 30% rise in business bankruptcies in the United States during the twelve-month period ending September 30, 2023, according to data from the US Courts. Adding to the fragility, US small caps face a precarious scenario with over two-thirds of their debt maturing in the next five years, in sharp contrast to the S&P 500 with less than half facing the same timeline. These collective trends form a chilling narrative, raising apprehensions about the economic landscape and hinting at stormy financial weather ahead.

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