Amid continuous warnings from finance experts and prominent investors alike on the bleak state of the economy in the United States, along with predictions of its even bleaker future, recent data has shown that the bankruptcy filings in the country are reminiscent of the previous crises.
As it happens, the amount of filings for bankruptcy protection in the US has recently reached “dangerous levels,” similar to those during the Great Recession in 2008 and the beginning of the COVID-19 pandemic in 2020, according to the information shared by user WhaleWire in an X post on September 24.
US bankruptcy filings 4-week moving average. Source: WhaleWire
According to the expert’s findings, such levels typically indicate a massive crisis in preparation, including a possible crash of the stock market, as similar situations have happened before, both in 2008 and 2020. Specifically:
“This indicator often suggests that the economy isn’t performing well, and has historically always been foll
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