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  • "Biblical" Wave Of Bankruptcies Is About To Flood The US

    From zerohedge.com

    One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed, the pace of bankruptcy filings has been relatively steady compared to the pre-covid levels, as the following Goldman chart shows. image Unfortunately the relative calm is not meant to last, because as we observed last month, Moody's recently expanded its "B3 Negative and lower list" which soared to its highest tally ever — 311 companies. That tops a former peak of 291 companies, reached during the credit crisis of 2009 and the commodity-related downturn ... (full story)

Which Old and New Testament Biblical figures filed for bankruptcy?
None that i know of,
but good old Timothy said "For the love of money is the root of all evil..." (1 Tim 6:10)
also that same book has some interesting things to say about "usury" please excuse the pun, and a certain prophet caused a bit of a raucus in a temple one day upsetting the tables of the moneylenders.
in today's world that act would be treated as hate speech and an act of financial terrorism
so what does that say about the world now ?
i am in no way 'religious' but that same code book referred to above did have a lot to say about debt, creditors, debt release, and how they should be handled.
Old Dog Kiwi
meanwhile, Dow Jones floating at peak levels (because of fraud)

Dow Jones will be floating on peak even if a black hole consumes planet earth (because of fraud)
Invest in alarm clocks
Quoting Tony112
meanwhile, Dow Jones floating at peak levels (because of fraud) Dow Jones will be floating on peak even if a black hole consumes planet earth (because of fraud)
Agreed.
Allergic to bullshitters, never argue with fools
Quoting Muhammedfx
{quote} Agreed.
REALLY? What fraud do you agree with and if you have proof why not be a whistle blower and come forth?

Conspiracy theory is one thing...fraud is a criminal offense. Just because you (COMMERCIAL) are the 800 lb gorilla in the room is you do things LEGALLY then it is no fraud. If there IS FRAUD and you KNOW about it....shame...shame...
...because you never know - until you do!
Quoting fxsport
{quote} REALLY? What fraud do you agree with and if you have proof why not be a whistle blower and come forth? Conspiracy theory is one thing...fraud is a criminal offense. Just because you (COMMERCIAL) are the 800 lb gorilla in the room is you do things LEGALLY then it is no fraud. If there IS FRAUD and you KNOW about it....shame...shame...
whole financial system of world is fraud.
Allergic to bullshitters, never argue with fools
our kids can foot another bailout..
It's bad luck to be superstitious
Quoting Micc23
Which Old and New Testament Biblical figures filed for bankruptcy?
I think Pharaoh did because after the red sea incident he had to go to the local chariot dealership and order a whole new fleet . And those things ain't cheap ! Especially the deluxe luxury chariots with gold interiors .
Please tell us how the market is being held up by fraud. I am serious. We know the markets are being propped up because the Fed is printing money as are other world banks. I have no problem believing there is fraud.
Comex Gold Trapped In Between $1704-$1684, After US Unemployment Claim, Now All Eyes Keep Awaited US non farm payroll on friday.
With all that money floating around there are probably those helping themselves, but to say the whole thing is fraud is being a bit presumptuous. I believe they are artificially propping up the economy by printing money. With American stock markets at unsustainable highs, I fear the American economy and in all likelihood the world economy is setting up for a major fall or necessary correction irrespective of the effects of the virus.
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C'mon clowns...Mnuchen and President bleached anus and their brood/homeys are day-trading on insider info. The rest of us are playing slots. Dumb fucks
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Dontcha know??? .......the movie fargo
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Your all nuts,the butler did it!
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No one talking about the dead iranian currency ? The sanction U.S impose on them is killing the country their currency is worthless now they changing into a new currency
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The Bible talks about money more than any other subject .

Business by the Book is the best practice.
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  • Posted: May 6, 2020 9:19pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 17  /  Views: 147,077