US Bankruptcies Hit 13-Year High As ‘Bond King’ Jeffrey Gundlach Predicts Massive Recession Incoming

Corporate bankruptcies in the United States hit a 13-year high last year as companies struggled to stay afloat amid high interest rates and rising labor costs. New data from market intelligence firm S&P Global shows 2023 saw a total of 642 bankruptcy filings – the highest level since 2010 when there were 827 bankruptcy filings. […] source: https://dailyhodl.com/2024/01/20/us-bankruptcies-hit-13-year-high-as-bond-king-jeffrey-gundlach-predicts-massive-recession-incoming/