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Bankruptcies hit 15-year high. Industrials lead collapse. Fed boxed in on rates.

citizenwatchreport.com

Bankruptcies hit 15-year high. Industrials lead collapse. Fed boxed in on rates.

2 comments
  • I’ve been noticing a lot more small businesses closing down in my area recently. Many people are going to be forced to confront this economic reality and exit their bubble.

    • Same here. When I mentioned that 4k-5k got laid off where I'm at now, it's getting even higher with more places shutting down. People are straight up moving out to the country for manufacturing or already have nice jobs in suburbia. The weird, dying remnants of "urban areas" between the city itself and suburbia are straight up going extinct. Entire streets near me are shuttered and of course crime rates skyrocket when there's no stores, no jobs, no anything but the option of "starve or work for 17 an hour at Amazon...maybe you'll get in the post office."

      I was doing facilities for a while but with the sheltering of the entire branches of churches I Was working with (ultimately a good thing) I've had zero options for that employment for a while. Been living off unemployment till I could get a shitty cashier job that now I work waiting for a fucking facilities job.

      These are the kind of situations where I laugh directly in anti-communists faces and tell them straight-out I would prefer a command economy that can guarantee my housing, my healthcare and a job always available.