The number of bankruptcies in the United States has reached a new high since the financial crisis! The risk of economic recession may trigger a major pullback in the US stock market

2025-01-08 03:05:04

The Financial Times of the United Kingdom cited S&P Global Market Intelligence data yesterday (7th) as saying that due to the high Intrerest Rate environment and weak consumer demand, at least 686 American companies will file for bankruptcy in 2024, an increase of about 8% from 2023, setting a new high since 2010, reaching the highest level since the global financial crisis. (Background: Trump 2.0 policy may rekindle inflation! Krugman warns: Tariff wars, repatriation of migrant workers are all harmful to the U.S. economy.)

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