US corporate bankruptcies set to hit 15-year high amid credit jitters

H

Hume

Verified User
Nov 13 (Reuters) - Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.

Total bankruptcy filings reached 655 this year through October, compared with 687 for all of 2024. October alone accounted for 68 filings, following 76 in August — the highest monthly count since at least 2020.

www.reuters.com

US corporate bankruptcies set to hit 15-year high amid credit jitters, S&P data shows

Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.
www.reuters.com www.reuters.com
 
Hume said:
Nov 13 (Reuters) - Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.

Total bankruptcy filings reached 655 this year through October, compared with 687 for all of 2024. October alone accounted for 68 filings, following 76 in August — the highest monthly count since at least 2020.

www.reuters.com

US corporate bankruptcies set to hit 15-year high amid credit jitters, S&P data shows

Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.
www.reuters.com www.reuters.com
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And the markets have shown today that it is jittery DOW down almost 800 and the other two markets were down big time too.
They don't seem to like what the economy is doing right now and Trumps tariffs are hurting a lot of US companies.
 
Comes as no surprise to anyone who has been following me for the last 20 years or so. The economy is far worse than people generally know, and the collapse of the American Empire very few people are tracking. Trump seems to get it, thus the desperate drive to conduct colonial wealth extraction from our vassals, to prop up the homeland. He claims that he wants to rebuild the homeland, for instance by increasing manufacturing, but there are no plans to make that happen, and this year manufacturing has continued its decline uninterrupted.
 
Tbird19482 said:
And the markets have shown today that it is jittery DOW down almost 800 and the other two markets were down big time too.
They don't seem to like what the economy is doing right now and Trumps tariffs are hurting a lot of US companies.
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One day in the market, up or down, is not a verdict on the economy.

The article referenced interest rates and excess debt taken on during the low rate years. Piling on debt works if interest rates stay low forever, but that’s not how the real world really works.
 
cawacko said:
One day in the market, up or down, is not a verdict on the economy.

The article referenced interest rates and excess debt taken on during the low rate years. Piling on debt works if interest rates stay low forever, but that’s not how the real world really works.
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I have been told that over half the Fortune 500 are zombies, who will go away when interest rates go up.
 
Hawkeye10 said:
I have been told that over half the Fortune 500 are zombies, who will go away when interest rates go up.
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It is possible for Fortune 500 type companies to have zombie like traits at time, but that’s not the same thing as half the Fortune 500 collapsing when rates rise.

True zombie firms are typically smaller (meaning not Fortune 500) companies that can’t cover their interest payments with operating income. That’s not most Fortune 500 companies.
 
cawacko said:
It is possible for Fortune 500 type companies to have zombie like traits at time, but that’s not the same thing as half the Fortune 500 collapsing when rates rise.

True zombie firms are typically smaller (meaning not Fortune 500) companies that can’t cover their interest payments with operating income. That’s not most Fortune 500 companies.
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I think the claim is that over half the fortune 500 do not make enough money from operations to justify continued operations, that the only reason they are still here is the long record of cheap/free money, that once that goes away (and it will) then they are done.
 
cawacko said:
One day in the market, up or down, is not a verdict on the economy.

The article referenced interest rates and excess debt taken on during the low rate years. Piling on debt works if interest rates stay low forever, but that’s not how the real world really works.
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I was just pointing out that the market has gotten jittery with the way things are going . I know the market goes up and down all the time , this time it was a large drop and all markets were way down today.
Have a nice day
 
Hawkeye10 said:
I think the claim is that over half the fortune 500 do not make enough money from operations to justify continued operations, that the only reason they are still here is the long record of cheap/free money, that once that goes away (and it will) then they are done.
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If that were true, the market would be imploding, unemployment would be spiking, the bond market would be panicked and the Fed would be in emergency mode.
 
cawacko said:
If that were true, the market would be imploding, unemployment would be spiking, the bond market would be panicked and the Fed would be in emergency mode.
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If that were true AND people were talking about it AND if the American people were not living in a state of willful denial AND if the people in charge were not muddying the waters with lies....claiming that everything is fine when it clearly is not fine.

America is increasingly a Ponzi scheme where lots of people at the top are making big money....they have every interest to do their best to keep the truth from being known for as long as they can.
 
Hawkeye10 said:
If that were true AND people were talking about it AND if the American people were not living in a state of willful denial AND if the people in charge were not muddying the waters with lies....claiming that everything is fine when it clearly is not fine.

America is increasingly a Ponzi scheme where lots of people at the top are making big money....they have every interest to do their best to keep the truth from being known for as long as they can.
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You’re free to believe what you want but if things were truly as bad as you’re saying, the data would show it and the markets would react to it.
 
Hume said:
Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.

Total bankruptcy filings reached 655 this year through October, compared with 687 for all of 2024. October alone accounted for 68 filings, following 76 in August — the highest monthly count since at least 2020.
Click to expand...
But trumpers are sure that the stock market will continue to surge... With bankrupt companies.... *Nods head*
 
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