https://www.youtube.com/watch?v=Eqc-6i7oK9Y The second-largest fast-food chain in the U.S. is being ravaged by the ongoing economic downturn. Burger King is reporting that mass shutdowns are about to occur as foot traffic dramatically declines, sales disappoint, and several franchises file for bankruptcy. …
https://www.youtube.com/watch?v=riMGD520ijs Long gone are the days when Best Buy ruled as the top electronics retailer in the U.S. The retail giant is not only losing ground on the market – in March, it reported a 45% decline in its annual …
Bob Hoye is a trained geologist, successful resource investor and economic historian. Bob is the chief investment strategist for chartsandmarkets.com.
via Zerohedge: The cascade of defaulted regional US banks is blowing out the circulating inventory of distressed debt which expanded by about $65.9 billion last week as US insolvency courts saw six new, large bankruptcy filings, according to data compiled by Bloomberg. …
by Michael I am so alarmed by the economic numbers that have been coming out recently. I wrote about some of them in an article that I posted yesterday, and I am going to write about some more of them today. Ever …
via John Rubino: One of the signposts on the road to recession (or in today’s case Depression) is a sudden increase in the number of former Wall Street favorites going bankrupt. The reason this happens when it does is that when …
Bankruptcies in EU Banks keep ripping so they can raise cash for loss provisions pic.twitter.com/2GIsyXqrpz — Alessio (@AlessioTMAD) February 23, 2023
by Michael Is your job safe? Right now, we are witnessing so much turmoil is so many different sectors of our economy. The housing market is crashing, the cryptocurrency industry has imploded, the tech industry is laying off workers at …
Markets have been in the same range for over two weeks now. Every time we get to the top of the range, more bulls are trapped. Every time we get to the bottom of the range, more bears are trapped. …
They keep great reseting Europeans. They do nothing. Congratulations! YOu will join Africa aand South America now in poverty levels Because you are doing nothing RIP Europe JUST IN – HAK, one of the largest vegetable brands in Northern Europe, …
United Kingdom Bankruptcies highest level since 2008, CPI YoY expected to hit 20%, sterling at the lowest since 1985 against the dollar and deficit running at record pace. The future is getting darker without the Queen pic.twitter.com/okEgmWOm6b — Alessio (@AlessioTMAD) …
A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure. Statistics Canada data shows small business insolvencies have been on an upward trend since May 2021. But the …
If you thought last year’s shortages were bad, and the price increases were absurd, you’ll probably be very upset to know that the situation is going to get a whole lot worse this year. Our global supply chains are broken, …
The US economy is almost fully reopened at this point. However, several big retailers and shopping malls are either still struggling or shuttering stores and locations at alarming rates. Consumers are just now realizing how ravaging was the carnage. Over …
by Financial Argument via Financial Argument The commercial real estate sector is now in great danger and there is little hope in turning it around. Billion-dollar companies are now gone. Once a bankruptcy is filed, that means it’s only a matter of time …
By any measure, 2020 was a brutal year in business, ending up with a record number of more than 160 consumer-facing businesses filing for bankruptcy, including the 35 retailers below, and 12,200 store closings. 35 Retail Bankruptcies 2020 UNITY MARKETING Already in …
https://www.youtube.com/watch?v=rFOd_2TTpl4 If you’re seeing increasingly more darkening storefronts and empty stores at shopping centers and malls, you’re not the only one. The retail apocalypse continues to ravage the U.S. economic landscape and the staggering number of closed stores illustrates the …
By Tsvetana Paraskova The number of North American producers that filed for bankruptcy protection in the first quarter of 2021 reached the highest number for a first quarter since 2016, yet the wave of bankruptcies has significantly slowed since the …
by Michael Snyder Our health insurance system is theoretically supposed to prevent Americans from going bankrupt when they are hit by huge medical bills. But in case after case, that is simply not happening. Even though more Americans are “covered …
by Michael Snyder Farmers all across the middle part of the country are going bankrupt at an astounding rate, and over half of all farms in America are now losing money. The trade war with China has been the most devastating …
Canada is in the most debt ever in history. There has never been a time in which Canadians have accumulated this much mortgage, credit card, auto loans, personal line of credit, and every other form of debt ever. It’s the …
by Mac Slavo of SHTFplan We are amidst a food crisis. Farms in the United States Midwest are filing for chapter 12 bankruptcy at an alarming rate. And many are saying president Donald Trump’s trade war is taking the most blame. We hate …
The U.S. Housing Boom Is Coming to an End, Starting in Dallas Home prices zoomed higher in recent years, and mortgage rates are climbing. Buyers are queasy. PLANO, Texas—A half-hour drive straight north from downtown Dallas sits one of the …
Let me know where you live and what people are paying for real estate. In Toronto, it’s ridiculously expensive. Million dollar mortgages are VERY common. Looking at real estate prices in the U.S. and Canada, we can see that is …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter New Chapter 11 bankruptcies in the US spiked 63% year-over-year in March to 770 filings, the highest number of filings for any month since April 2011 (when there had been 789 filings as companies were still …
by GoldCore – $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies – Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher – Massive government and consumer debt eroding benefits …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter What caused the biggest jump since the Financial Crisis? New Chapter 11 bankruptcies in the US more than doubled in December 2017 from a year ago to 699 filings. That jump of 362 filings from December …
by Thinker Even to the casual observer, the financial condition of government budgets are under severe stress. Taxes have gone up consistently and have outpaced any meager adjustments in income for most taxpayers. No one can reasonably expect that municipal …
by Umar Farooq Retailers reportedly are filing for bankruptcy protection at a disturbing rate that’s flirting with recessionary levels. Meanwhile, a steady stream of store closures continues to haunt the battered American retail industry. “US retail store closures …
