U.S. Bankruptcies Will 100% Crash Small Banks, MAJOR WARNING For Corporations

U.S. Bankruptcies Will 100% Crash Small Banks, MAJOR WARNING S and P Global predicts that the United States will be trailing the 12 month corporate default rate, soaring to a daunting 4.5 percent by June of 2024. Just to put things in perspective, as of this past July, that rate stood at a mere 3.5 percent ; a nearly 30 percent surge in just a single year. But here’s the crux of the matter: American outfits are standing on the precipice of a colossal wave of maturing debt in the near future. Brace yourselves for this staggering revelation; a mind boggling $790 billion is set to mature in 2024, followed by a jawdropping $ trillion due the very next year in 2025. Now, here’s the kicker: When the Federal Reserve steps up with its updates and soothing promises of soft lending, they conveniently omit this impending financial storm. We’re on the brink of 2024, and the Fed is gazing at the same harrowing figures I’ve just laid out for you. It’s crucial to recognize that we’re not talking about small, obscure firms going belly up; we’re talking about corporate titans. Take the recent filing by the Yellow Corporation, for instance. This massive corporation filed for bankruptcy in August, a move that impacted tens of thousands of employees; those are jobs lost.