๐จUS bankruptcies are running at RECESSION levels:
US large bankruptcies rose to 655 year-to-date, the most in 15 YEARS.
This is higher than in the full years 2020, 2021, 2022, and 2023.
October, September, and August saw 68, 66, and 76 filings, the most since the 2020 CRISIS.
If the economy is fine, why are bankruptcies so elevated?