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Wolf Richter

Undeniable Evidence That The Real Economy Is Already In Recession Mode

Michael Snyder, Economic Collapse You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown.  In the “real economy”, stuff is bought and sold and shipped around the country by trucks, railroads and planes.  When more stuff is being bought and sold and shipped around the

Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis

Michael Snyder, If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening.  As you will see below, corporate defaults are currently at the highest level that we have seen since 2009.  A wave of bankruptcies is sweeping the energy industry, but