• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

US corporate bankruptcies soar, cross 2020 pandemic levels with 71 filings in a month

Allan

Allan

DP Veteran
Joined
Sep 30, 2019
Messages
54,824
Reaction score
83,368
Gender
Male
Political Leaning
Liberal
71 large US companies filed for bankruptcy in July.

The US economy has been hit by a fresh wave of bankruptcy filings, which has surged to their highest level since 2020 Covid-19 pandemic, when similar situations were seen across the country.
Click to expand...

Data from S&P 500 Global showed that this summer, the number of filing for US corporate bankruptcy surpassed the level of 2020, the Business Insider report mentioned. A total of 71 public and private companies filed for bankruptcy last month, which is 8 more than June when 63 companies had filed for bankruptcy.
Click to expand...

 
Disastrous Donald is his own corporate pandemic.
 
There goes a lot of jobs.
 
"“Companies are contending with elevated interest rates as uncertainty from US tariff policy pressures costs and supply chain resilience,” S&P 500 Global said, Insider quoted."
 
"Which companies have filed for bankruptcy?"

A header in the article, which is appropriate. Listing 2 companies doesn't answer the question. The world won't be impacted by a company that puts untasty vegetables into a can or a clothing store which targets late teams girls.
 
"US President Donald Trump has said that his strategy to put tariffs on the imports of the products from other countries would held America in getting money that would boost the economy. A top member of Trump’s cabinet also said that the amount that the US would receive from these tariffs, would be used to pay off the debt to lessen the burden from the Americans."

It doesn't seem to be working. I guess that's what happens when you get an egotistical tyrant who surrounds himself with yes-men and only wants to hear people agree with his shoot-from-the-hip ideas about how to handle the economy as they laud him with false praise to keep their own jobs. There was no analysis by a team of experts to determine the effects and suitability of such policy. The American economy is smoldering like the 'lab experiment' of an 8 yo kid frying ants on the sidewalk with a magnifying glass in the sun.
 
You must log in or register to reply here.
Back
Top Bottom