BIDENOMICS: ‘Historic Surge’ in Corporate Bankruptcies Across U.S.,
Highest Level Since COVID Pandemic

<https://www.thegatewaypundit.com/2024/08/bidenomics-historic-surge-corporate-bankruptcies-across-u-s/>

'There has been a “historic surge” in corporate bankruptcies across the
United States as businesses struggle under the pressure of Joe Biden’s
failing economy.

According to a recent analysis from Standard & Poor’s, corporate
bankrupticies reached their highest level since June 2020 at the height
of the COVID pandemic.

The report explained:

June marked a historic surge in US corporate bankruptcy filings, with
the highest number recorded in a single month since at least the start
of 2020 and surpassing half-year figures seen in over a decade.

S&P Global Market Intelligence recorded 75 new corporate bankruptcy
filings in June. The pace accelerated from the first months of 2024 and
is rivaled by only the busiest months in 2020, when the shock from
COVID-19 pushed a relatively higher number of companies into bankruptcy.
The 346 total filings so far in 2024 is also higher than any comparable
figure in the prior 13 years.'

'High interest rates, supply chain issues and slowing consumer spending
continue to weigh on struggling companies.

The bankruptcies affected a range of industries, most notably consumer
discretionary, healthcare and information technology.

The comparison with the COVID era is particularly troubling given the
enormous economic impact that it had on businesses.'

'While many companies managed to stay afloat with the help of government
grants, thousands were also forced to permanently close due to lack of
demand.

Such reports underline the growing economic problems facing America in
the lead-up to November’s presidential election.

According to CNBC, economists and investors are increasingly concerned
about the prospect of another recession amid a fall in the stock market
and other disappointing economic data.'

John Smyth <smythlejon2@hotmail.com> wrote in
news:05lpaj5tj66d54ui1g0s0ip68i4kb55bj6@4ax.com:

>
> BIDENOMICS: �Historic Surge� in Corporate Bankruptcies Across U.S.,
> Highest Level Since COVID Pandemic
>
> <https://www.thegatewaypundit.com/2024/08/bidenomics-historic-surge-cor
> porate-bankruptcies-across-u-s/>
>
> 'There has been a �historic surge� in corporate bankruptcies across
> the United States as businesses struggle under the pressure of Joe
> Biden�s failing economy.
>
> According to a recent analysis from Standard & Poor�s, corporate
> bankrupticies reached their highest level since June 2020 at the
> height of the COVID pandemic.
>
> The report explained:
>
> June marked a historic surge in US corporate bankruptcy filings, with
> the highest number recorded in a single month since at least the start
> of 2020 and surpassing half-year figures seen in over a decade.
>
> S&P Global Market Intelligence recorded 75 new corporate bankruptcy
> filings in June. The pace accelerated from the first months of 2024
> and is rivaled by only the busiest months in 2020, when the shock from
> COVID-19 pushed a relatively higher number of companies into
> bankruptcy. The 346 total filings so far in 2024 is also higher than
> any comparable figure in the prior 13 years.'
>
> 'High interest rates, supply chain issues and slowing consumer
> spending continue to weigh on struggling companies.
>
> The bankruptcies affected a range of industries, most notably consumer
> discretionary, healthcare and information technology.
>
> The comparison with the COVID era is particularly troubling given the
> enormous economic impact that it had on businesses.'
>
> 'While many companies managed to stay afloat with the help of
> government grants, thousands were also forced to permanently close due
> to lack of demand.
>
> Such reports underline the growing economic problems facing America in
> the lead-up to November�s presidential election.
>
> According to CNBC, economists and investors are increasingly concerned
> about the prospect of another recession amid a fall in the stock
> market and other disappointing economic data.'

Corporations declare bankruptcy = proof
of failed federal policies.

Trump declares bankruptcy = standard
business practice to get out of debt.

Mitchell Holman wrote:
> Trump declares bankruptcy = standard
> business practice to get out of debt.

Factual at last, cornholer.

""We get 40,000, and some of us get 15,000 rubles. 15! Most people cannot afford to
provide for themselves," a Russian soldier commented on a poster promising salaries of
210,000 rubles for Russian contract enlistees.

Those Russian soldiers who signed a contract earlier receive much smaller payments and are
now starting to resent it.

Another reason why the phone usage was restricted for them?"
<https://x.com/Gerashchenko_en/status/1818682061751751111>