https://twitter.com/MFHoz/status/1346510338158718980
BANKRUPTCY FILINGS pic.twitter.com/edqTuHm4Wg
— Win Smart, CFA (@WinfieldSmart) January 5, 2021
https://twitter.com/MFHoz/status/1346504241729433605
Deflation.https://t.co/dd40vJCPn0
— Tracy Alloway (@tracyalloway) January 5, 2021
https://twitter.com/MFHoz/status/1346505823380533255
#recession … #Fed Pushing on a String edition#CPI #deflation 📉 https://t.co/Cl9a1ZyvLf
— Invariant Perspective (@InvariantPersp1) January 5, 2021
“If history is any guide, unless there is substantial reform, we think the global economy is headed for a decade of disappointing growth outcomes,” the World Bank’s Ayhan Kose said https://t.co/dGDulZegBs
— WSJ Central Banks (@WSJCentralBanks) January 5, 2021
2020 Default Tsunami: Pandemic Sparks Most US Bankruptcies Since 2009
The hardest hit sectors were energy, retail and consumer services, with a total of 244 bankruptcy filings according to data compiled by Bloomberg. That was the most since 2009, when 293 U.S. companies sought protection from creditors.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.