Companies are going bankrupt at the fastest pace since the pandemic
https://www.businessinsider.com/us-corporate-bankruptcies-fed-rate-cuts-consumer-retail-spending-fisker-2024-7
by FUSeekMe69
Companies are going bankrupt at the fastest pace since the pandemic
https://www.businessinsider.com/us-corporate-bankruptcies-fed-rate-cuts-consumer-retail-spending-fisker-2024-7
by FUSeekMe69
6 comments
Don’t worry, I’m sure this is great news for the economy and everything is fine. Everyone is saying it!
But what about all those layoffs and inflated prices. Surely that helped them. /s
Also companies that are going bankrupt can look no further for the lack of business to landlords, utility companies and banks. If most people’s paychecks are used just to survive then they’re not spending money at your store for extra stuff.
Just zombie companies
Yea just found out whole team is getting laid off today
It’s ok Joe keeps saying everything is fine, “come on man!”…..
This is the consequences of Bidenomics. A significant shift away from more prudent economic policy under Obama and Trump towards restoring the welfare state that Clinton ended. The welfare programs from the 1960s had similar problems with inflation and the consequences of those policies was the offshoring of US manufacturing. Trump made progress on reshoring but Biden’s assault on the economy is destroying whatever progress was made under Trump.