Bankruptcies Spike Again as America’s Economic Slowdown Accelerates

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Large businesses are declaring bankruptcy at a staggering rate, and yet we are being told over and over again that the economy is just fine. Needless to say, most of the country isn’t buying it. Survey after survey has shown that most Americans believe that the economy is on the wrong track. But those that are running things continue to push their “booming economy” narrative anyway, and I suppose that will continue all the way through the election in November. Of course anyone with half a brain should be able to see the truth, because day after day we just continue to get more troubling economic numbers. For example, it is being reported that U.S. corporate bankruptcies “spiked” during the month of August … U.S. bankruptcy filings spiked in August after a slowdown in July, propelling the total for the first eight months of the year to the highest […]

— Read More: theeconomiccollapseblog.com

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