What happens to firms that don’t generate enough revenue to cover interest payments when they are unable to refinance their junk in a recession?

Weekly data for corporate bankruptcy filings has started to meaningfully deteriorate in recent weeks: Apollo’s Torsten Slok 🤔 What happens to firms that don't generate enough $ to cover interest payments, when they are unable to refinance their junk in recession?https://t.co/YfZkZuxK9E — Eventually Consistent Capital (@EventuallyCC) June 28, 2023 https://twitter.com/EventuallyCC/status/1673764995996471299 The yield curve invertoooor Yield …

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Canada Housing Crash: Mortgage Payments To Go Up By 40%

Canadian Housing Crash? Mortgage Payments To Go Up By 40% as most mortgages adjust automatically with higher rates.🚨🚨🚨 Most countries don’t have 30 year fixed rate mortgages like the USA. Most countries have 5 years before rate adjusts. 🔊 pic.twitter.com/gPFKT4sezS — Wall Street Mav (@WallStreetMav) June 26, 2023 via theglobeandmail The Bank of Canada estimates …

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$15.7 Billion per month will be removed from the economy as student loan payments resume in October (taking away from discretionary spending

by TonyLiberty It is no surprise that student loan debt in the United States has reached such a high level. With the cost of college tuition continuing to rise, more and more students are taking out loans to pay for their education. This problem is only compounded by the fact that many graduates are struggling …

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Average monthly rent, credit card, car payments exceed $3,225 per person.

BREAKING: Median asking rent for a US home rises 1.4% in May to $1,995/month. Meanwhile, the average new car payment is now $800/month. On top of this, the average American is paying $430/month in credit card debt. This means the average person is now paying $3,225/month for… — The Kobeissi Letter (@KobeissiLetter) June 12, 2023 …

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James Comer expects to uncover $20-30 million in illegal payments to Biden Crime Family…. ‘The Biden DOJ is a modern-day Gestapo’

James Comer expects to uncover $20-30 million in illicit payments made to the Biden Crime Family: "This is going to be hard to Biden to explain, this is not going to go away, and I think eventually the mainstream media is going to start asking the real questions." pic.twitter.com/QY3udwYct8 — Citizen Free Press (@CitizenFreePres) June …

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Walk Away Conrad! Fitch Downgrades REIT Sector To ‘Deteriorating’ As REITs Underperform S&P 500 Index (SF Hilton/Park 55 Hotels Owner Walk Away From Payments)

by confoundedinterest17 Like the song “Walk away Renee,” the owners for the San Francisco Union Square Hilton and Park 55 Hotels are walking away from their sizeable loan payments. San Francisco is definitely feeling the blues. But it isn’t just San Francisco. Phil Hall reports that Fitch Ratings reduced its 2023 outlook for the U.S. real estate investment trust …

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The U.S. Government is in deep Ponzi scheme territory due to debt and interest payments. Pretty soon the government will have to issue debt to just service the debt!

Pretty soon the government will have to issue debt to just service the debt!!! If the U.S. Government is already running a yearly ~$1.5+ trillion budget deficit and you suddenly have ~$1.5+ trillion in yearly interest payments on the debt, you are in deep Ponzi scheme territory! https://t.co/fdZDB0bUgr — Peter Spina ⚒ GoldSeek | SilverSeek …

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Two cops killed trying to serve warrent for missed child support payments.

Bodycam footage released by the Wisconsin Department of Justice shows the moments surrounding a deadly shootout between police officers and a man who reportedly “trained to kill” cops. Authorities said officers pulled over 50-year-old Glenn Douglas Perry on April 8 for a warrant on “failure to pay child support” along with a general wellness check. …

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