In the "best economy ever," where Bidenomics reigns supreme, you can only expect news like this.
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.
So we're looking at the worst half-year figures in 13 years, and a month (June) which has been worse than any month of 2020 was — you know, that year when we had to shut down the entire economy for Covid.
Not only that, but we're on pace to out-bankrupt 2023, a year where 635 corporate bankruptcies took place, just three fewer than occurred in 2020 (638).
Best economy ever, right!!
Here's a look at those numbers:
Man, if this was my party trying to win reelection with these types of numbers, I'd be scared to death. Maybe that's why Biden looks like a corpse!
Take a look. These are the bankruptcies from June alone:
And I'll give you the largest bankruptcies of the year while we're here:
Bro, Bidenomics is working its magic on our economy!
Unfortunately, it's black magic.
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