Posted on 09/25/2023 3:23:31 AM PDT by davikkm
Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic.
apolloacademy.com/bankruptcies-rising/
His source appears to be this and it only refers to companies with over $50 million in liabilities.
So the y-axis is the number of companies filing for bankruptcy, so a peak of an average of about 8.5 a month.
Credit card losses are rising at the fastest pace since the Great Financial Crisis
bkmk
Janet Yellen stated, “I don’t see any sign that the economy is in risk of a downturn”........
Translation. from government-ese......”Biden’s campaign has begun.”
Nothing but an OLD, continually aging leftist lickspittle mouthpiece for this corrupt Administration.
Probably doesn’t ever do her own shopping for anything.
Not seeing the obvious is what this administration is good at.
She cant see the record personal debt, record low personal savings, sustained inflation and long term high interest rates? What a piece of trash.
“I don’t think we’re about to lose control of inflation“ Janet Yellen Oct 2021
I think you’re right
And the official inflation rate is 3.7%. Yet many items I buy are up 30 - 40% over the past year. Do you think maybe our government might be lying to us?
It is the favor of the day’s that gets reported.
Democrats support themselves and their own.
Compare what we saw in 2008 with all the chicken little newz re pouts.
Ruination of the economy, tear down and replace electioneering.
Woflu was 2020s tool.
Lay off the mushrooms you old hippie
Thank you for your insightful analysis, Treasury Secretary Magoo.
I recently received a mailer from the local McDonalds with coupons attached. Struck me as a pretty ominous sign for the overall economy.
Add Paul Krugman,
“An inflation update: in the past I’ve focused on a measure that excludes lagging shelter and used cars as well as food and energy. Just to note that it adds to the evidence that inflation has been largely defeated“
That’s it! It’s over! Joe has fixed the economy!
Yellen is another RAT Cleopatra. Queen of Denial.
Yellen is a hobbit in search of a triple-digit IQ.
I am reminded that the Captain of the Lusitania demanded that the lowering of lifeboats be stopped after being torpedoed because it might panic the passengers.
Remember 2008 when Yellen was in charge of economy? Yep, she has no clue and couldn’t even balance a bank book.
She doesn’t see anyone coming across the border either.
In other words, let's cherry pick some measure that doesn't include the important living expenses and declare inflation beaten.
Everything is on the table but Yellen is too short to see on the table just under ,LOL
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