Independent thinking for complex markets and current events
Yet they are still allowed to do share buybacks and pay dividends with OUR taxpayer dollars. Why this doesn’t infuriate the country I’ll never understand. Just know that this is a giant scam funded by YOU and we do nothing to stop it. Meanwhile most Americans get poorer — QE Infinity (@StealthQE4) July 9, 2024 …
Corporate bankruptcies in the United States surged to their highest monthly level in June 2024 since early 2020. A total of 75 companies filed for bankruptcy during that month, surpassing the numbers seen in June and July of 2020. The increase in bankruptcies is attributed to factors such as high interest rates and rising wages, which …
US bankruptcies are riding rapidly: 275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010. Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277. In May 2024 alone, 62 firms have gone bankrupt, the… pic.twitter.com/ymNU6fYEcr — The Kobeissi Letter (@KobeissiLetter) June 22, …
In a stunning lawsuit, a group of cancer victims has accused Johnson & Johnson of using fraudulent bankruptcy practices to escape billions in liabilities. This explosive legal action alleges that the healthcare behemoth employed a shell company’s bankruptcy to put vast sums of money beyond the reach of tens of thousands of plaintiffs, including women …
Walmart’s impact on the United States is undeniable. From its humble beginnings as a small-town discount store to its current status as a global retail behemoth, the company has revolutionized how people shop, businesses operate, and communities experience retail. However, the “Walmart Effect” has a much darker side than people think. For decades, the retail …
Financial instability grips communities nationwide, with a significant portion of households struggling with debt payments. In Phoenix, soaring evictions and bankruptcies signal a growing economic crisis. Current economic indicators point to a concerning trend of declining savings and stagnant interest rates, exacerbating inflationary pressures and paving the way for a potential recession. Wow – more …
The rise of defaults and bankruptcies are just in the early stages. Plus, the dollar exposure is gigantic (CRE alone is $1.2T of distressed assets). Numerous small & medium size banks failures are coming to a community near you. — cynical1 (@eb10s) February 17, 2024
Canada anticipates a potential surge in business bankruptcies, with thousands of small businesses at risk after the government ceased pandemic-era support. The end of aid, coinciding with a slowing economy and high interest rates, poses a threat to critical small firms employing less than 100 people. Bankruptcy rates surged 38% in the first 11 months …
@ The Kobeissi Letter Office building prices in the United States have experienced a substantial downturn, witnessing a significant 40% drop from their peak over the past two years. The past year alone has seen a massive 30% decline, leaving one in five office buildings vacant across the nation. The gravity of the situation is …
https://www.ft.com/content/a02cb631-8ae4-4ac2-be45-edfa776ed75f The world’s corporate sector has been hit by a wave of bankruptcies occurring at a double-digit pace unseen in decades, the Financial Times reported on Monday, citing data from national statistics offices. Business insolvencies in the US saw a year-on-year surge of 30% in the 12 months through September, while in Germany, the EU’s …
US bankruptcy filings on pace to reach highest level since 2020 US bankruptcy filings are picking up steam after a two-year decline. According to a report released by S&P Global Market Intelligence, there were 591 bankruptcy filings as of Nov. 30 this year, just behind 2020’s tally of 603 in the same period. By comparison, there were 367 filings …
by Chris Black Germany is the strongest economy in the EU. If Germany is running out of money… I told you a long time ago that Germoney was going to be “deindustrialized” by the American war on Russia. You can’t just shut down an industrial economy’s entire energy industry – even outside of the total …
40% of Russell 2000 companies now have negative earnings This number is up more than 2x since 2006 And is comparable to the levels seen during the peak of the Financial Crisis pic.twitter.com/GllyXPaufT — Bravos Research (@bravosresearch) December 2, 2023 What does a long-awaited broadening of breadth mean for the overall market? Four out of …
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 …
In the midst of a severe recession in the freight market, marked by an oversupply of trucks and a scarcity of freight, the logistics industry faces a wave of bankruptcies, closures, and layoffs, with notable companies like Yellow Corp. and Convoy being casualties. This downturn, contrary to some analysts’ expectations, is not a mere reversion …
As we approach the new year, a shift toward credit risk is expected, replacing interest-rate concerns, according to Mohamed El-Erian. The recent steep drop in October’s Producer Price Index (PPI), the largest since April 2020 during the Covid lockdown, heightens worries. Fitch predicts ongoing challenges for US regional banks in 2024, and with earning trends …
561 bankruptcies through October, the most since 2010 when excluding 2020 during which there were 563 bankruptcy filings through the same periodhttps://t.co/jVYwW4bxtO — Global Markets Investor (@GlobalMktObserv) November 13, 2023 It will get only worse ma’am because of this https://t.co/ihffGtS42l — JustDario 🏊♂️ (@DarioCpx) November 13, 2023 U.S. BBB Corporate Bond Spreads hit a 43-year …
Investors pulled out a record amount from Corporate Bond ETFs in October, while US bankruptcies and housing defaults surged. Bank of America forecasts a record year for cash funds, suggesting widespread concern and a cautious market approach. Corporate Bond ETFs had an outflow of $9.4 Billion in October, the highest amount in history pic.twitter.com/xbvPs24jUq — …
Corporate bankruptcies in the U.S. have surged by 30% over the past year, signaling the end of the easy money era and a sobering wake-up call for companies. Good Morning Everyone! Corporate bankruptcies in the U.S. rose by +30% over the past 12 months. "We're already on track to double the mega bankruptcies compared to …
Corporate bankruptcies in 2023 are now at the same levels seen during the 2020 pandemic. We are also seeing the highest number of bankruptcies since 2010. Needless to say, many companies are feeling the pain. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 16, 2023 via dailymail: …
Obtaining credit will be “much harder” pic.twitter.com/Pd2gXm5mn3 — Win Smart, CFA (@WinfieldSmart) October 11, 2023 Rapid rate hikes have helped fuel an increase in company failures this year—and there’s probably more pain to come. Bed Bath & Beyond is one of the more well-known brands to implode this year under the weight of, among other …
https://t.co/uiWqkdCywT — Win Smart, CFA (@WinfieldSmart) October 6, 2023 Uh 🤔 pic.twitter.com/sYScyDhelh — Win Smart, CFA (@WinfieldSmart) October 6, 2023 Report Finds Chapter 11 Filings by Businesses Soar 61% So Far This Year U.S. businesses faced significant challenges in 2023, with commercial Chapter 11 bankruptcies rising by 61% to 4,553. Small business filings increased by …
It's hard to see a case for interest rate cuts returning anytime soon. However, we continue to believe that rates will PAUSE for longer. Inflation to 2% remains the Fed's number one objective right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 2, 2023 As I've …
The impact of spiking interest rates after more than 10 years of 0% is hitting. More here: Onset of the Economic Avalanche Becomes Clear Recession Warning: Employers Slash Staff at Record Pace Since 2009 The global business landscape is under strain, with the UK signaling a potential worldwide recession. A new survey reveals the …
The current economic landscape raises concerns about the potential for significant wealth destruction when Housing Bubble 2.0, fueled by the Federal Reserve’s policies, eventually implodes. Housing Bubble 2.0: Recent data indicates that the implosion of Housing Bubble 2.0 is gaining momentum, with U.S. housing starts falling by a substantial 11.3%. This decline underscores the vulnerability …
BREAKING: Truist plans ‘sizable’ layoffs; target of cuts uncertain https://t.co/S94qKp2qzt — Financelot (@FinanceLancelot) September 11, 2023 Banks in the US just saw their biggest weekly deposit outflows since the collapse of SVB. Total bank deposits (on a seasonally-adjusted basis) plunged by $70 billion last week alone. This puts bank deposits at their lowest levels since …
by confoundedinterest17 All aboard the Bidenomics Crazy Train! Let’s see. We have inflation that is eroding wage growth so that REAL wage growth is negative. Meanwhile, the Biden Administration and Congress are spending like they can print infinite amounts of cash with no consequences. The result? The Federal government is paying nearly $1 trillion in …
Bankruptcies by sector are even more concerning Consumer discretionary leads with 48 bankruptcies, a sign that consumers are feeling the pain. Industrials is next, at 46, another sign of pain from higher rates. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/zBQBeElwpK — The Kobeissi Letter (@KobeissiLetter) August 15, 2023
Bankruptcies steady drumbeat- JP Morgan$HYG $JNK $BKLN pic.twitter.com/izoky5PRZl — Win Smart, CFA (@WinfieldSmart) August 11, 2023 Credit is the next shoe to drop says Guggenheim CIO$HYG $JNK $BKLN pic.twitter.com/4x2DbwJiec — Win Smart, CFA (@WinfieldSmart) August 11, 2023 The Credit Market Is ‘Next Shoe to Drop’ The chief investment officer of Guggenheim Partners, managing over $225 …
