U.S. bankruptcies explode to 15 year high… We are in a recession in 4 charts… The Fed should hike rates 50 basis points in December.
Comparison: 2020 (COVID crash): ~610 large bankruptcies. 2021: ~400. 2022: ~450. 2023: ~500. 2025 YTD: 655 already. (Reuters) -Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring …