US business loan demand is collapsing as bankruptcies rise

'US business loan demand is crashing.' https://t.co/BSckFQu3WL via @SoberLook pic.twitter.com/L196ycmpUJ

— Jesse Felder (@jessefelder) August 1, 2023

https://t.co/r1f0Gt6FMA

— Win Smart, CFA (@WinfieldSmart) July 19, 2023

$BKLN $SRLN $JNK $SJNK$HYG $LQDhttps://t.co/2B4CVU45SS

— Win Smart, CFA (@WinfieldSmart) July 20, 2023

The US saw a total of 340 bankruptcies in the first 6 months of 2023.

This is more than the first half of 2020 when the US went into a full lockdown.

It’s the highest number of first half bankruptcies since 2010.

Businesses are feeling the pain of higher interest rates. pic.twitter.com/urBW9QHJ3a

— The Kobeissi Letter (@KobeissiLetter) July 31, 2023