/biz/ - Business & Finance

>>56170070
https://www.globest.com/2023/09/18/corporate-bankruptcies-increase-and-are-a-warning-sign/?
>“By one measure — the number of Chapter 11 petitions filed — bankruptcies climbed by 54% year-over-year in August,” wrote Bloomberg. “That number is likely inflated by duplicate filings because large firms typically file several petitions to cover all their various units. Even with that qualification, however, the jump in business failures, especially for big firms, is clear, said Ed Flynn, a consultant with ABI who studies bankruptcy statistics. ‘I think a lot of it is interest rates,’ said Flynn. ‘There have been an unusually large number of large cases.’”
https://archive.is/zcEdG
>“CAF delinquency rates continue to rise and are near peak levels in the Great Recession while loss rates still remain below pre-pandemic levels but are accelerating, driven by more recent securitizations,” the firm said.
https://www.worldpropertyjournal.com/real-estate-news/united-states/seattle/real-estate-news-redfin-2023-home-sales-report-home-purchase-cancellations-data-2023-home-sales-contracts-cancellations-data-for-2023-13876.php
I think there's more to it than just what the "official" data is saying - I have zero faith in official government data over the last 2 years we have been in total economic propaganda state
https://archive.is/3LoSx
>US households showed signs of increasing financial stress in the first quarter, with credit card balances not declining in the way they typically do at the start of the year and delinquencies rising for most types of consumer loans.
>for the first time in 20 years, that wasn’t the case this year, suggesting some households are under strain from higher prices and may be relying on credit cards to maintain their spending.
(this was back in May)
Now October 1, student loan repayments begin for 27 million Americans, adding even more pressure
Look at Macy's credit report / warning too