Independent thinking for complex markets and current events
When prices keep rising and people keep struggling with a crap economy and piss poor government policies increasing interest rates won’t help normal people and so you’ll just have more bankruptcy and poor. h/t TonyLiberty
Tomorrow Evergrande faces Dissolution in Bankruptcy Court. https://t.co/riKX9KLqLb — Digital Assets Daily (@AssetsDaily) December 3, 2023 AC
The looming threat of Evergrande’s tumultuous collapse raises significant apprehension among global investors amid China’s economic challenges. In a bid to avert imminent liquidation, the world’s most indebted property developer, China Evergrande Group, is urgently presenting a last-minute debt restructuring proposal before a crucial Hong Kong court hearing on Monday. The defaulted company faces mounting …
Sometimes, this is all it takes…those darn real estate bubbles. Goliath falls: Sudden bankruptcy of financial empire exposes Europeâs real estate bubble “for Swiss banks â what happened? With Signa Real Estate Management Germany GmbH succumbing to insolvency, Benkoâs meticulously orchestrated financial symphony began to unravel. The abrupt surge in bad loan provisions by Julius …
Congressional decisions could lead to widespread repercussions in the trucking industry, particularly impacting small and mid-sized fleets, potentially causing financial strain and increased bankruptcy filings. If you are looking for a catalyst that will wipe out a large number of fleets – Congress could deliver. Single truck owner operators should benefit greatly, as well as …
Restaurants operate on razor-thin margins, so small changes in their operating environments can leave them vulnerable to dipping from profit to loss. In the current economic climate, a number of things that put restaurant chains at risk have gone wrong. First, supply-chain issues have driven prices higher and made some products hard to obtain. On a …
Almost exactly two years after going public via SPAC, WeWork, the struggling co-working start-up that once held a valuation as high as $47 billion, filed for Chapter 11 bankruptcy protection in New Jersey federal court Monday, having, as Wolf Richter reports, spent its entire life burning huge amounts of cash raised from investors â a …
Probably Nothing! đ pic.twitter.com/FQyWLZ01mR — The Macro Guy (@SagarSinghSetia) November 6, 2023 đś Correlation between Eurozoneâs financial conditions and Euro-area GDP. Unsustainable divergence! Suggests downside ahead for GDP, currently at 0.1% YoY, unless financial conditions ease. H/t: @SvendsenAnders #recession pic.twitter.com/9lNZjexU0i — Alex Joosten (@joosteninvestor) November 6, 2023 Not looking so good long term! Boom â …
BREAKING: WeWork, $WE, is planning to file for bankruptcy as early as next week, per WSJ — unusual_whales (@unusual_whales) October 31, 2023
This case has nothing to do with Johnson & Johnson's ongoing operations. Instead, the company faces more liability in the talc lawsuits than it has in cash reserves. The company is pursuing a number of options to file for bankruptcy in order to settle those claims. pic.twitter.com/yRPListOvo — MacroSpeed Economics (@MacroSpeedEcon) October 23, 2023
A Texas judge ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying Sandy Hook massacre victims’ families more than $1.1 billion for his conspiracy theories that the 2012 shooting was a hoax. U.S. District Judge Christopher Lopez of Houston issued the ruling Thursday. “The families are pleased with the Courtâs ruling …
by absoluteunitVolcker For basically all of its history, the Fed is self-funded, turns a profit and sends it to the Treasury (the taxpayer). Now the Fed is rapidly losing money, underwater on its investments and its liabilities will soon exceed its assets: Technically since the Fed can fabricate money infinitely, it can’t actually go bankrupt. …
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: …
China Remains Shaky After Challenging Summer https://t.co/lE9JkkbzQE — Win Smart, CFA (@WinfieldSmart) October 14, 2023 https://t.co/9FzMGMnpaH — Win Smart, CFA (@WinfieldSmart) October 14, 2023 This week, new broke that China is planning a stimulus package to support its economy. Last month, China lowered interest rates on nearly $6 trillion worth of mortgages. Something is clearly …
“Bankruptcy filings for companies with at least $10 million in liabilities are rising sharply. Since the Fed started raising rates in March 2022, bankruptcy filings have more than doubled. Corporations, individuals, and the government all got used to historically low interest rates. As rates have nearly tripled on most forms of debt, bankruptcy filings are …
via foxbusiness: Pharmacy giant Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report. People familiar with the company’s talks with creditors told the Wall Street Journal that Rite Aid has proposed to close as many as 500 …
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 …
HARTFORD, Conn. (AP) â As Alex Jones continues telling his Infowars audience about his money problems and pleads for them to buy his products, his own documents show life is not all that bad â his net worth is around $14 million and his personal spending topped $93,000 in July alone, including thousands of dollars …
Labour run Stoke-On-Trent Council also set to declare BANKRUPTCY as well. Led by Labour Mayor Majid Khan and Council Leader Jane Ashworth they have a budget deficit of around ÂŁ8.5 MILLION. Systemic collapse now taking place. đ¨BREAKING NEWSđ¨ Labour run Stoke-On-Trent Council also set to declare BANKRUPTCY as well. Led by Labour Mayor Majid Khan …
US bankruptcy courts saw their busiest August on record — Don Johnson (@DonMiami3) September 5, 2023 đ´ pic.twitter.com/JFZccpS4nt — Don Johnson (@DonMiami3) September 5, 2023 BANKRUPTCIES pic.twitter.com/Oo0sEI8iV6 — Win Smart, CFA (@WinfieldSmart) September 5, 2023 đşđ¸ United States debt US government debt: $32.8 trillion Household debt: $17.1 trillion Mortgage debt: $12.01 trillion Auto debt: $1.6 …
Councils in England in crisis as Birmingham âdeclares itself bankruptâ With Birmingham indicating it cannot balance its books, experts warn of others living âhand to mouthâ Councils in England in crisis as Birmingham âdeclares itself bankruptâ With Birmingham indicating it cannot balance its books, experts warn of others living âhand to mouthâ Heather Stewart and …
The Roman Catholic Archbishop of San Francisco has filed for bankruptcy in an effort to settle more than 500 child sex abuse lawsuits, becoming the latest religious organization driven to bankruptcy by a wave of sex abuse ligation. The archdiocese listed assets and liabilities of between $100 million and $500 million each in a Chapter …
via naturalnews: Yellow, the freight-trucking company formerly known as YRC Worldwide, is struggling and filing for bankruptcy three years after receiving a $700 million Wuhan coronavirus (COVID-19) pandemic-era bailout from the federal government. Despite negotiations that went on for months, disagreements between Yellowâs management and the International Brotherhood of Teamsters (Teamsters Union), a labor union in the U.S. and Canada, …
Higher cost for consumers… ” How Yellow’s Bankruptcy Is Rippling Through the U.S. Economy – WSJ ” ” Industry experts say they expect prices to rise with Yellow’s rates now off the table for many shipping customers.” https://www.wsj.com/articles/yellow-bankruptcy-us-economy-e2761b0b “… we are anticipating that freight rates will actually increase over these next few months, because Yellow …
Itâs a tale as old as time⌠well at least for the past fifteen years or so when we look at the EV industry. EV battery and vehicle platform specialist Proterra is the latest company to join an infamous list of electrified tech companies who have filed for Chapter 11 bankruptcy. What does this mean …
Huge wage demands from unions and other effects from Fed policy are tipping more companies into bankruptcy. đ https://t.co/FO00X6uKi0 — Wall Street Mav (@WallStreetMav) August 8, 2023 #Bonds are starting to look bad… US Treasury term premia (black) are breaking higher and pushing 10y yields up (orange). This isn't good for #liquidity which uses a …
by confoundedinterest17 Bidenomics at work! From the alleged more Pro-Union member of the US Senate and now El Presidente of the United Banana Republics of America. One of the biggest bankruptcies in US trucking history occurred Sunday when the nationâs third-largest less-than-truckload carrier, Yellow Corp., filed Chapter 11 in a Deleware court. The company has fallen …
In the first half of 2023, 340 U.S. firms filed for bankruptcy, setting a new 13-year high, per CNBC: pic.twitter.com/O0LPgwa4VP — unusual_whales (@unusual_whales) July 29, 2023
