A very ominous trend currently spreading across the corporate sector is sparking panic that a crash not unlike the one that devastated the nation in 2008 lies in the near future.
According to Standards & Poor’s Ratings Services, 46 companies have defaulted on their debt in the past few months, with five defaulting this week alone. Chillingly, 37 of the 46 companies are based in the United States.
The economic malaise hasn’t stopped there, however. Coal corporation Peabody Energy and beach wear retail outlet Pacific Sunwear both announced that they will be seeking protection from bankruptcy this week. This comes in the wake of massive decreases in the shares of the two companys, with their respective values falling by almost 100%.
Several factors are blamed for this unfortunate turn of events, including a significant implosion in oil prices that severely weakens energy companies and the Federal Reserve hiking short-term interest rates. In any case, it sounds like the road is being paved for another major crash.
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It can be a pain in the$#%&!@*sometimes, but I am sooo glad I work on gas pumps, it’s like I’m part of the infrastructure. Everybody will need fuel, until this cluster f*ck get’s torn completely out of the frame, just like they’ll need groceries and water and electricity.
Yep, they won’t be helicoptering money this time they’ll be napalming it.
Big money know there will be crashes, just not sure when so they line their pockets in the mean time
I been investin in Ruger, Taurus, Smith n Wesson. Mossberg, and others…Also lotsa precious metals..Like brass n lead…Storm’s a comin..One like we ain’t never seen..Pray n prep..
Is coming faster .th ax n a 204 32.grain bullet.yea,it’s that fast.its coming
The reason is that the cost of government is above what the market will bear no one can afford anything any more. I was better off in 2005 making half what I make now.
Are the same people making the same predictions but because of the internet we hear them? NWA Truther Birther Wacko, Ruby Ridge…
The country cant keep giving away entitlements while earning nothing.
Do you think. They can keep up with the administration spending. That’s a no brainer.