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By ZeroHedge According to a new report from law firm Haynes and Boone LLP, bankruptcies in the upstream sector are increasing this year as energy spot prices remain subdued amid a cyclical downshift … Read more
Truck drivers have been clobbered with falling rates in 2019. There has also been a spate of trucking companies that have gone bankrupt. And a classic sign that more trucking bankruptcies are on … Read more
by Michael Snyder This wasn’t supposed to happen. During the relative economic stability of the past few years, the middle class was supposed to experience a resurgence, but instead it … Read more
Bank of America raises chance of a recession to 1-in-3 in the next 12 months Bank of America sees a greater than 30% chance of a recession in the next … Read more
via NYPOST: Bankruptcies are back — flashing warnings that more Americans are knee-deep in debt in big cities like New York. While total bankruptcy petitions nationwide by consumers and businesses … Read more
by visualcapitalist Doing business means taking calculated risks. Regardless of whether you are opening a lemonade stand or you’re a leading executive at a Fortune 500 company, risk is an inevitable … Read more
by: Ethan Huff (Natural News) Even with Obamacare in full swing, hundreds of thousands of Americans every single year face total financial ruin from sky-high medical bills, a shocking new study has found. … Read more
by Michael Snyder Our health insurance system is theoretically supposed to prevent Americans from going bankrupt when they are hit by huge medical bills. But in case after case, that … Read more
by Michael Snyder Farmers all across the middle part of the country are going bankrupt at an astounding rate, and over half of all farms in America are now losing money. … Read more
Canada is in the most debt ever in history. There has never been a time in which Canadians have accumulated this much mortgage, credit card, auto loans, personal line of … Read more
by Mac Slavo of SHTFplan We are amidst a food crisis. Farms in the United States Midwest are filing for chapter 12 bankruptcy at an alarming rate. And many are saying president Donald … Read more
The U.S. Housing Boom Is Coming to an End, Starting in Dallas Home prices zoomed higher in recent years, and mortgage rates are climbing. Buyers are queasy. PLANO, Texas—A half-hour … Read more
Let me know where you live and what people are paying for real estate. In Toronto, it’s ridiculously expensive. Million dollar mortgages are VERY common. Looking at real estate prices … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter New Chapter 11 bankruptcies in the US spiked 63% year-over-year in March to 770 filings, the highest number of filings for any month since April 2011 … Read more
by GoldCore – $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies – Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold … Read more
