9 large companies filed for bankruptcy in the US last week. This brings the 3-week average to 6, the highest rate since the 2020 pandemic. Corporate credit quality is deteriorating sharply

9 large companies filed for bankruptcy in the US last week. This brings the 3-week average to 6, the highest rate since the 2020 pandemic byu/RobertBartus inEconomyCharts Mega bankruptcies becoming more common among large firms There’s an ongoing surge in …

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The Enron-like accounting inflating the AI mania: Oracle’s revenue stream mostly depends on Nvidia, AMD, Meta, OpenAI, and xAI, yet Meta, OpenAI and xAI themselves all run on Nvidia and AMD.

Oracle slashes 3,000 jobs while their “backlog” ramps up 300%. Make it make sense. Correct After the crash, business schools will start teaching Earnings Quality again It was a super popular class after the https://t.co/4y5lv9vF2o fiasco, but has been replaced …

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How Do We Fix the Collapse of Quality?

Authored by Charles Hugh-Smith via oftwominds, Every product now has an “extended warranty” admission of the collapse of quality and durability. There’s a great uplifting hope swirling around the potential to fix what’s broken, and so here’s my question: how …

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Quality of Life is Declining Sharply in Western Countries

by Chris Black Recent IPSOS polling (https://www.euronews.com/business/2023/11/26/one-in-four-europeans-say-their-financial-condition-is-precarious) found several concerning trends among the populati… Continue reading by subscribing. Username Password Remember Me     Forgot Password

Federal Reserve Alert! July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices. Banks plan to further tighten lending standards across all loan types. Why? Expected decline in collateral value, Anticipated decrease in credit quality, Predicted liquidity challenges, & Deposit Outflows.

by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit …

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SEC charges Marcum LLP with quality control failures and audit standard violations in SPAC clients since 2020, resulting in a $10 million penalty.

by Dismal-Jellyfish Source: https://www.sec.gov/litigation/admin/2023/34-97773.pdf TLDRS: In 2020/2021 there were 860 SPAC IPOs. Over 400 of these audited by Marcum. The SEC has charged audit firm Marcum LLP with significant quality control failures and audit standard violations in audits of hundreds of …

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100 Million Americans Under Air Quality Alerts as Canadian “Wildfire” Smoke Blankets East Coast . . . . . . Chucky Schemer Blames “Climate Change” [#ClimateScam] . . .

via zerohedge: Nearly 100 million people across 18 states, from New Hampshire to South Carolina, are under air quality alerts Wednesday morning, according to NBC News. A low-pressure system stuck off Nova Scotia is sending smoke from Canadian wildfires into the …

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Six federal regulatory agencies today requested PUBLIC COMMENT on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs).

by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230601a1.pdf Under the proposed rule, the agencies would require institutions that engage in covered transactions to adopt policies, practices, procedures, and control systems to ensure that AVMs adhere to quality control standards designed to ensure the credibility and …

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