April 21, 2015 Cancun, Mexico Imagine having a net worth of $57 billion. That sounds like a lot. And for the few folks out there like Bill Gates, Warren Buffett, and Vladimir Putin who have racked up such a prodigious amount, it is a lot. But not if you’re the US Federal Reserve. Just like how individual people can calculate their ‘net worth’ by adding up all of their assets (cash,[...]
Tag: Bankruptcy
Huge Trouble Is Percolating Just Under The Surface Of The Global Economy
By Michael Snyder Did you know that the number of publicly traded companies declaring bankruptcy has reached a five year high? And did you know that Chinese exports are absolutely collapsing and that Chinese economic growth in 2014 was the weakest in over 20 years? Even though things may seem to be okay on the surface for the global economy at the moment, that does not mean that big trouble[...]
Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009
“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[...]