Big firms are filing for bankruptcy left and right and it's just the beginning

So now Vice Media is filing for bankruptcy, seems like the economy has been propped up and now it's coming time to pay the piper. There will be more coming down the pike.




www.businessinsider.com...

Vice Media headlined a group of seven major companies that filed for bankruptcy in a recent 48-hour period.
The filings have laid bare just how exposed highly indebted firms are in the wake of interest-rate hikes.
Data from Moody's and S&P Global suggest the pain could just be getting underway, and could last all year.

On a specific industry basis, the financial sector is under duress following the collapse of Silicon Valley Bank, with multiple other institutions following suit in recent weeks. Retailers from Bed Bath & Beyond to David's Bridal have filed for bankruptcy in recent weeks. Envision Healthcare — a medical-staffing company backed by KKR — was one of the six firms to declare alongside Vice.

What this assorted list shows is that no industry is safe from balance-sheet bogeys. If a company got too aggressive loading up on debt during the low-interest-rate era, chances are it will soon be feeling the pain.

For me, all I have to do is walk downtown to find the true state of the cities economic situation. And I'm sure it's the same Nationwide. The cost of living ( all cost ) have risen to a point we've lost our happiness of innocence of hope for a beautiful and prosperous future .

Vice Media files for Chapter 11 to facilitate sale to Soros, consortium

[www.jpost.com...]

Scripted manipulation for the benefit of the rich and famous?

originally posted by: nugget1

Vice Media files for Chapter 11 to facilitate sale to Soros, consortium

[www.jpost.com...]

Scripted manipulation for the benefit of the rich and famous?

DOESN'T MAKE SENSE SINCE THE COMMUNIST WAY OF LIFE TAKES AWAY ALL THAT ONE MAY OWN ONE DAY

a reply to: putnam6

Controlled manufactured collapse.

Thank Biden and his WEF cronies.

a reply to: putnam6

Fake Money Cannot Pay Off Real Debt .

Big firms are filing for bankruptcy left and right and it's just the beginning

Yep .
Being decimated from within .
Got to hire those yung uns to bring in the future , and get rid of the veterans because they make too much money .
Those yung uns don't care if it's functional , only that it is "pretty" and "colorful" .
"One gets what they pay for."
It's all about stock price , and that concept is failing .

originally posted by: Gothmog

Big firms are filing for bankruptcy left and right and it's just the beginning

Yep .
Being decimated from within .
Got to hire those yung uns to bring in the future , and get rid of the veterans because they make too much money .
Those yung uns don't care if it's functional , only that it is "pretty" and "colorful" .
"One gets what they pay for."
It's all about stock price , and that concept is failing .

And their Chic's are for Free............*)

originally posted by: Zanti Misfit

originally posted by: Gothmog

Big firms are filing for bankruptcy left and right and it's just the beginning

Yep .
Being decimated from within .
Got to hire those yung uns to bring in the future , and get rid of the veterans because they make too much money .
Those yung uns don't care if it's functional , only that it is "pretty" and "colorful" .
"One gets what they pay for."
It's all about stock price , and that concept is failing .

And their Chic's are for Free............*)

The Chics aren't free , either .

originally posted by: Gothmog

originally posted by: Zanti Misfit

originally posted by: Gothmog

Big firms are filing for bankruptcy left and right and it's just the beginning

Yep .
Being decimated from within .
Got to hire those yung uns to bring in the future , and get rid of the veterans because they make too much money .
Those yung uns don't care if it's functional , only that it is "pretty" and "colorful" .
"One gets what they pay for."
It's all about stock price , and that concept is failing .

And their Chic's are for Free............*)

The Chics aren't free , either .

They Are , If You are in the Club..........

a reply to: infolurker

Vice Media event was probably scripted like the bank failures.

Biden will be meeting with Republican House of Representatives Speaker Kevin McCarthy tomorrow to discuss the debt ceiling.
McCarthy will need to provide some good reasons why this time its different and they need to compromise on spending.

After Tuesday this week Biden flies to Japan for the G7 meeting and won't be back till next week.
Janet Yellen claims the following Thursday June 1st the US might begin taking extraordinary measures and defaulting on their debt.

The Debt to GDP ratio in China is about a third of the Japanese ratio and China holds about $800 billion of US bond debt.
So if the US is thinking about defaulting on the Chinese held bonds that would cause some tension.

Japans manufacturing peaked in the 1980's and their debt to GDP has caused devaluation of the Yen by over 20% since the US started raising interest rates.

We should see the better plan here as it could decide the election early..

Before 23 is over, I predict a lot of corporations applying for some kind of bankruptsy.

a reply to: rickymouse
I agree. I was just saying to a friend the other day, the second half of '23 is going to be horrendous and not just from firms going bankrupt.
Whoever is 'in charge' has got pedal to the metal, and we are all hurtling towards the cliff edge.
Rainbows
Jane