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Bankruptcies Soar Across EU, As Companies Hit Wall At Fastest Rate Since Records Began in 2015
Bankruptcies Soar Across EU, As Companies Hit Wall At Fastest Rate Since Records Began in 2015 Legions of European companies are succumbing to the final straw of Europe’s largely self-inflicted energy crisis. Bankruptcy proceedings in the Canary Islands, Spain’s heavily tourism-dependent island chain, soared a whopping 276% year over year in 2022, according to the latest data […]
Companies in UK Are Hitting the Wall at Fastest Rate Since Global Financial Crisis
Companies in UK Are Hitting the Wall at Fastest Rate Since Global Financial Crisis As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK’s heavily indebted businesses. Business insolvencies in the UK surged by 57% in 2022, to 22,109, according to the latest data from the Insolvency Service, […]
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills
Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills Prime minister to lead nation in a minute’s silence to honour the Queen’s legacy ahead of funeral. Liz Truss is facing a political and economic baptism of fire this week with warnings of mass bankruptcies across the economy – even as […]
Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’
Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’ Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head A gas shortage and high prices […]
U.S. Oil Bankruptcies Shoot Up In Q1 2021
U.S. Oil Bankruptcies Shoot Up In Q1 2021 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 peaks in the second and third quarter of 2020, law […]
How Will This Unwind? Amid Stimulus, Forbearance, Eviction Bans, Consumer Bankruptcies Dropped to Lowest in Decades. Commercial Chapter 11 Bankruptcies Highest in Years
How Will This Unwind? Amid Stimulus, Forbearance, Eviction Bans, Consumer Bankruptcies Dropped to Lowest in Decades. Commercial Chapter 11 Bankruptcies Highest in Years Weirdest Economy Ever, as 20 million people still claim unemployment benefits. Total bankruptcy filings by consumers and businesses in the US in 2020, across all chapters of bankruptcies, plunged by 30% from […]
‘Tis The Season For Bankruptcies, Store Closings And Tent Cities…
‘Tis The Season For Bankruptcies, Store Closings And Tent Cities… We need to make 2021 a year of hope, because right now there is more economic suffering in America than we have seen since the Great Depression of the 1930s. More than 100,000 businesses have permanently closed down since the pandemic began, many of our […]
2021 A Year of Mass Bankruptcy – John Rubino
2021 A Year of Mass Bankruptcy – John Rubino Financial writer John Rubino says, “2021 is going to be a pivotal year” in the debt markets. Rubino says lots of debt will either be bailed out or defaulted on in some way. Because of CV19, there is no getting around this. The debt clock has […]
“Biblical” Wave Of Bankruptcies Is About To Flood The US
“Biblical” Wave Of Bankruptcies Is About To Flood The US One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed, the pace of bankruptcy filings has been relatively steady compared to the pre-covid levels, as the following Goldman […]
Permian Bankruptcies Could Fuel A Buying Spree For Big Oil
Permian Bankruptcies Could Fuel A Buying Spree For Big Oil The United States shale revolution is over. Production in the Permian Basin, which spreads across West Texas and Southeast New Mexico, has been slowing for months, but the novel coronavirus took things from bad to much, much worse for U.S. shale. The oil price shock […]
VIDEO: The Coronavirus Is The Pin Popping The ‘Everything Bubble’
VIDEO: The Coronavirus Is The Pin Popping The ‘Everything Bubble’ This will be an extinction-level event for many players For years, Peak Prosperity has been raising a loud warning of the ‘Everything Bubble’ that the world’s central banks have blown in global asset prices. Over that time, we’ve debated with hundreds of economic experts on […]
2020 Will Be A Crucial Year For Oil
2020 Will Be A Crucial Year For Oil It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever. Will OPEC+ extend its cuts? Will U.S. shale finally grind to a halt? Is this the “year of the electric vehicle”? Here are 10 stories to watch […]
Unsettled Weather
Unsettled Weather After leaving the Bahamas for dead, Hurricane Dorian barely grazed the US mainland en route to the Canadian shoals of oblivion, perhaps saving America’s insurance industry. But the steamy west coast of Africa is hurling out a cavalcade of replacements as the high season for Atlantic storms commences, so better keep the plywood […]
Farmageddon: Farm Loan Delinquencies And Bankruptcies Soar, Incomes Plunge
Farmageddon: Farm Loan Delinquencies And Bankruptcies Soar, Incomes Plunge Following years of depressed farm income and rising debt levels, a review of the Federal Deposit Insurance Corporation (FDIC) quarterly report by Tri-State Livestock News reveals that “delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high.” About […]
The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle
The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle American farmers are battling several issues when it comes to producing our food. Regulated low prices, tariffs, and the inability to export have all cut into the salaries of farmers. They are officially in crisis mode, just like the United States’ food supply. “The […]
