No fewer than 717 companies filed for Chapter 7 or Chapter 11 bankruptcy between January and November, according to S&P data reviewed by The Washington Post. This marks a 14 percent increase from the same period in 2024 and the highest rate since 2010, when the country was recovering from the Great Recession.
Firms that went bust pointed to inflation, interest rates and Trump’s trade policies — which have hampered supply chains and increased costs — as drivers of their financial troubles.
Business experts and economists told the Post that the Republican president’s broad tariffs have strained import-dependent companies. While inflation recently came in lower than expected — it was up 2.7% year-over-year in November — experts said many firms continue to shoulder added expenses to avoid raising prices for consumers.
What I notice is that the job losses mentioned are not related to AI, they are related to an economic slowdown, that on the GDP number is camouflaged by the AI bubble.
And while inflation remains reasonably low, it has increased 0.3% the past 4 months. This should not happen in a period with economic slowdown and increased unemployment. This is 100% due to Trump economics making conditions worse for American businesses.
My guess is that job numbers in January and February will be horrible.
It’s part of the plan. Crash the economy, then use the bad times as a rationale for deep austerity and privatization.
Not even COVID killed off this many businesses. Well done Trump! He fucks children and businesses!
He fucks children and businesses!
He’s been doing that since the 80’s. Only Trump could find a way to bankrupt casinos 6 times in a row.
He was 100% using those casinos to launder money
I think reality television has done a lot to completely fuck up this country - in ways most people still don’t acknowledge.
The reason that so many people still think this stupid asshole was Bigly Important and Gud At Bidness ™ is almost solely due to that idiotic game show he was handed. Try telling these brainstems that he was terrible at business and you get blank stares or red faces of rage.
To most of the voters it’s still the party’s fault for how they voted/ didn’t vote. Personal accountability is at an all time low.
I was part of a company that closed due to tariffs, and that wasn’t even bankruptcy. The damage is far, far worse than these numbers show.
The the large companies are investing in each other… so it makes it look like money is still being spent and the market doesn’t suffer, so the news can intentionally ignore it and no one cares. 15 more years of this and it will be if you don’t own one of the 25 large companies, you won’t be able to start a business and get into the market anymore
Yet economists still won’t call a recession a recession because acknowledging that things are fucked would mean having to face the consequences of fucking around
My company made significant investments in doing business with our brothers and sisters to the north in Canada. That segment is entirely dead now. Our clients are apologetic to us personally but its pretty clear they don’t want to do business with a US company. I don’t blame them one bit. trump is killing us all.
Gosh, I thought that Biden handed us the WORSTEST CONOMEEE since forever. How can this even be?
