Bankruptcies, Business Failures, Layoffs, etc

'Rich Dad Poor Dad's' Robert Kiyosaki Predicts Collapse Of The US Financial System — 'We're At The End Of An Empire. All Empires Always Come To An End'​


finance.yahoo.com

'Rich Dad Poor Dad's' Robert Kiyosaki Predicts Collapse Of The US Financial System — 'We're At The End Of An Empire. All Empires Always Come To An End'

Emphasizing the importance of financial education and preparedness, "Rich Dad Poor Dad" author Robert Kiyosaki expressed concerns about the current financial system and societal structures in the U.S. in a YouTube video titled "Robert Kiyosaki Exposes The System That Keeps You Poor & The...
finance.yahoo.com finance.yahoo.com
 
I haven’t had time to read the clip but I’d be he didn’t offer any solutions (other than to buy gold and silver or borrow money to make money).
 
Guard Dad said:

I have mixed feelings about this claim.​

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Real estate investor warns US is entering the 'greatest' correction of his lifetime​

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www.foxbusiness.com

Real estate investor warns US is entering the 'greatest' correction of his lifetime

Despite a great "correction" on the horizon for the real estate industry, private equity fund manager Grant Cardone criticizes Federal Reserve Chairman Jerome Powell for killing the housing market.
www.foxbusiness.com www.foxbusiness.com

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I’ve been calling for a correction for over two years now, not that I want to see it but it just can’t continue rising. Then again, inflation has played a big part of it too.
 
J-man said:
I’ve been calling for a correction for over two years now, not that I want to see it but it just can’t continue rising. Then again, inflation has played a big part of it too.
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The problem I see is home prices potentially dropping below the costs of labor and materials to build them. Last time that happened it was a huge mess! That pretty much kills new home construction, and recession almost always follows.
 

SunPower Plunges on Default Risk and Going-Concern Warning​


SunPower Corp. plunged the most ever in intraday trading after it breached a credit agreement and said there is “substantial doubt” about its ability to continue operating.

finance.yahoo.com

SunPower Plunges on Default Risk and Going-Concern Warning

(Bloomberg) -- SunPower Corp. plunged the most ever in intraday trading after it breached a credit agreement and said there is “substantial doubt” about its ability to continue operating.Most Read from BloombergApple to Halt US Sales of Latest Watches After Patent LossUS Frackers Return to Haunt...
finance.yahoo.com finance.yahoo.com
 
Guard Dad said:

Nike says it will cut $2 billion in costs in a major warning for consumers​


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They are probably losing ground to start-ups because of pricing. Start-ups, for the most part, start with low prices to gain a footing in the market. (Like what I did there?)

Nike's shoes are made in China, Vietnam, Pakistan, India, Thailand, Philippines, and Malaysia. The production cost of Air Jordan, which is made in China, ranges from $15-$30 a pair, while the price range of the shoes runs between $75-$350 a pair. Nike could reduce costs on their lower-priced Jordans and other shoes to boost their sales while hurting the start-ups and not having to lay employees off.

Since the shoes are not made in the US and they are Nike, I wouldn't be upset if the company went out of business.
 
www.bnnbloomberg.ca

Private U.S. companies increasingly going bust as profit shrinks - BNN Bloomberg

Private U.S. companies are seeing their earnings and profit margins collapse after the Federal Reserve’s rate hikes have lifted financing costs, and are increasingly going broke, according to a new report.
www.bnnbloomberg.ca www.bnnbloomberg.ca

(Bloomberg) -- Private US companies are seeing their earnings and profit margins collapse after the Federal Reserve’s rate hikes have lifted financing costs, and are increasingly going broke, according to a new report.

Larger companies have been mostly insulated from the pain so far. But these corporations often use mid-sized private firms as suppliers, and the failure of smaller businesses could disrupt supply chains and boost costs for bigger enterprises, according to the report from Marblegate Asset Management and Rapid Ratings on Monday.

“The water looks fine from the shore but what’s happening underneath the surface is a very very troubled environment that is very dangerous,” said Andrew Milgram, managing partner and chief investment officer at Marblegate.

Any weakness among private companies could hit investors in one of the fastest growing parts of debt markets: private credit lenders. These money managers oversee around $1.6 trillion of direct loans and other forms of private credit.
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Continued on line
 
I feel pretty strongly things will crash this year. We've been propping the economy up ever since COVID, and it's on borrowed time.
 
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