American Economics Thread

[supersnoop]

Maybe not putting tariff in the raw materials that companies use to service the clients could help. What they expect? A 50% tariffs on copper will affect companies who do copper plumbing services, with increased prices they will have to pass prices to consumers but if that lead to less revenue then they will have to slash cost to keep prices acceptable and usual that cost cut come by firing employees.

Cost cutting idea #1… product substitution…

 

[siegecrossbow]

Is there any chance this is sarcasm?

I don’t think SleepyStudent understands that concept unfortunately.

 

[Fertorstar]

Yeah....

https://twitter.com/i/web/status/1957820451817722034

Yes? Bankruptcies were at record lows in 2020 because even though there was a pandemic, Congress was throwing money everywhere at everything and the Fed made money free.

Also, the courthouses (particularly for civil cases) were kinda closed during the pandemic (and they prioritized criminal cases, even more than they normally did).

 

[SanWenYu]

The smell of sleepy is getting stronger here and spilling out to other threads.

 

[Heresy]

Yes? Bankruptcies were at record lows in 2020 because even though there was a pandemic, Congress was throwing money everywhere at everything and the Fed made money free.

The article being quoted in the post you are responding to is talking about corporate bankruptcies and not about personal ones. I know you're incapable of intellectual honesty on a genetic level, but do try to not be so blatant about this?

Corporate bankruptcies, while not reaching the peaks of 2010, are slightly elevated compared to every year since 2010.

The smell of sleepy is getting stronger here and spilling out to other threads.

The American Economics thread was always something that IT participated in and had the greatest engagement.

BTW, I am renewing calls to find out where the user for Sleepy resides to be able to more thoroughly remove him from this community.

 

[Fertorstar]

The article being quoted in the post you are responding to is talking about corporate bankruptcies and not about personal ones. I know you're incapable of intellectual honesty on a genetic level, but do try to not be so blatant about this?

Corporate bankruptcies, while not reaching the peaks of 2010, are slightly elevated compared to every year since 2010.

Yeah - corporate bankruptcies fell off a cliff after Covid simply because corporates could just get emergency loans super quickly after Covid happened which meant liquidity issues disappeared.

 

[Heresy]

Yeah - corporate bankruptcies fell off a cliff after Covid simply because corporates could just get emergency loans super quickly after Covid happened which meant liquidity issues disappeared.

Stop lying you dishonest sack of shit.

 

[Fertorstar]

Stop lying you dishonest sack of shit.

the post-Covid crash in corporate bankruptcies is readily evident once the cares act money starting gushing out of DC

 

[MortyandRick]

Yes? Bankruptcies were at record lows in 2020 because even though there was a pandemic, Congress was throwing money everywhere at everything and the Fed made money free.

Also, the courthouses (particularly for civil cases) were kinda closed during the pandemic (and they prioritized criminal cases, even more than they normally did).

Sooooo your saying that bankruptcies were higher in 2021 up to 2024 compared to 2020 because 2020 was a record low year because of .... Courts not open?!??

But now bankruptcies are back at The highest since 2010. So either way, doesn't bode well.

 

[Fertorstar]

Sooooo your saying that bankruptcies were higher in 2021 up to 2024 compared to 2020 because 2020 was a record low year because of .... Courts not open?!??

But now bankruptcies are back at The highest since 2010. So either way, doesn't bode well.

Yeah, there were alot of companies that should’ve gone bankrupt (which is either a court ordered renegotiation of debts or a court ordered sale of assets) from 2020-2022 when money was free but they didn’t go bankrupt because they were able to service their debts and banks extended and pretended (as well as in 2020, the glacial pace at which federal courts resolved bankruptcy claims)

Once interest rates went up in 2022, it then became a ticking time bomb for high liquidity, high leverage companies and it’s now been a slow burn to that effect.