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marmar

(77,081 posts)
Sun Apr 19, 2015, 09:01 AM Apr 2015

Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009


Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009
by Wolf Richter • April 16, 2015


“Come down to Houston,” William Snyder, leader of the Deloitte Corporate Restructuring Group, told Reuters. “You’ll see there is just a stream of consultants and bankruptcy attorneys running around this town.”

But it’s not just in Houston or in the oil patch. It’s in retail, healthcare, mining, finance…. Bankruptcies are suddenly booming, after years of drought.

In the first quarter, 26 publicly traded corporations filed for bankruptcy, up from 11 at the same time last year, Reuters reported. Six of these companies listed assets of over $1 billion, the most since Financial-Crisis year 2009. In total, they listed $34 billion in assets, the second highest for a first quarter since before the financial crisis, behind only the record $102 billion in 2009.

The largest bankruptcy was the casino operating company of Caesars Entertainment that has been unprofitable for five years. It’s among the zombies of Corporate America, kept moving with new money from investors that had been driven to near insanity by the Fed’s six-plus years of interest rate repression. ...............(more)

http://wolfstreet.com/2015/04/16/bankruptcies-soar-across-corporate-america-not-just-oil/




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Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009 (Original Post) marmar Apr 2015 OP
They've done all they can to make this economy topheavy and unstable Warpy Apr 2015 #1
7 Year cycle - right on track Aerows Apr 2015 #4
It's legal abortion safeinOhio Apr 2015 #2
Sounds about right...the corporate recovery has fattened enough for slaughtering HereSince1628 Apr 2015 #3
Statistically, we are due for another recession. Yo_Mama Apr 2015 #5
Its the boom and bust cycle jamzrockz Apr 2015 #6
We are not buying enough stuff! Haha! Wait until the TPP! djean111 Apr 2015 #7

Warpy

(111,277 posts)
1. They've done all they can to make this economy topheavy and unstable
Sun Apr 19, 2015, 09:15 AM
Apr 2015

Now let's watch them be surprised when it all collapses.

 

Aerows

(39,961 posts)
4. 7 Year cycle - right on track
Sun Apr 19, 2015, 09:33 AM
Apr 2015

for another engineered meltdown.

I already called corporate property and student loans to be the train wreck this time.

"No one could have foreseen this!" "No one could have imagined this would happen!"

Be prepared to hear that from every talking head on television.

Oh, and this will make you feel even better!

http://www.zerohedge.com/news/2015-04-16/signs-elites-are-feverishly-preparing-something-big

safeinOhio

(32,688 posts)
2. It's legal abortion
Sun Apr 19, 2015, 09:23 AM
Apr 2015

as the SC has decided Corporations are people.

Lets make companies that want to file, watch films of starving employees after being laid off and make them jump thru hoops to find a court or lawyer to preform bankruptcy.

HereSince1628

(36,063 posts)
3. Sounds about right...the corporate recovery has fattened enough for slaughtering
Sun Apr 19, 2015, 09:29 AM
Apr 2015

by the pirateers.

I suspect this is part of the 'new' normal business cycle.

Yo_Mama

(8,303 posts)
5. Statistically, we are due for another recession.
Sun Apr 19, 2015, 09:43 AM
Apr 2015

The long term average for the business cycle is less than 7 years peak-to-peak post WWII:
http://www.nber.org/cycles.html

 

jamzrockz

(1,333 posts)
6. Its the boom and bust cycle
Sun Apr 19, 2015, 09:58 AM
Apr 2015

Clinton had his dotcom bubble and luckily for him, it burst during Bush's term, Bush had his real estate bubble and luckily for Obama, it burst during Bush's term and I have no idea which bubble is being blown now.

The problem is that the bubbles are getting smaller and smaller and the bursts coming faster and faster. The disease in the economy is still there because our leaders only focus on the symptom.

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