Small Businesses File For Bankruptcy At Record Pace, Surpassing COVID Crash | |
Anonymous Coward User ID: 84476493 United States 04/06/2023 01:56 PM Report Abusive Post Report Copyright Violation | [[[Corporations]]] have stacked the deck against the little guy. Even a small gas station, feed store, or convenience store is a multi-million dollar operation now. Plumbing, electrical, and other trades fast becoming dominated by mega-companies. |
Anonymous Coward User ID: 84476493 United States 04/06/2023 02:02 PM Report Abusive Post Report Copyright Violation | I called my "local" electrical on Sunday because they advertise 7 day emergency service, and a foreign call center answered the phone. Turns out they're a huge company with woke advertising that features smiling black electricians, even though they're actual electricians are mostly Whites. |
The Don Of Nantucket
(OP) User ID: 80692948 United States 04/06/2023 02:08 PM Report Abusive Post Report Copyright Violation | [[[Corporations]]] have stacked the deck against the little guy. Quoting: Anonymous Coward 84476493 Even a small gas station, feed store, or convenience store is a multi-million dollar operation now. Plumbing, electrical, and other trades fast becoming dominated by mega-companies. I'm reminded of the time at the beginning of the covid hoax when Trump invited all the Ceo's to the Rose Garden to all be called up one at a time to the podium and they all seemed to have the same talking points they were reading from... I knew the fix was in at that point as it related to the planned destruction of small business' Nothing happens by chance with these creatures. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
The Don Of Nantucket
(OP) User ID: 80692948 United States 04/06/2023 02:19 PM Report Abusive Post Report Copyright Violation | I called my "local" electrical on Sunday because they advertise 7 day emergency service, and a foreign call center answered the phone. Quoting: Anonymous Coward 84476493 Turns out they're a huge company with woke advertising that features smiling black electricians, even though they're actual electricians are mostly Whites. Funny you say that. The Pittsburgh based medical supply company that I deal with for the first time had what seemed to be an Indian call center taking calls yesterday for the first time ever, and I have been dealing with them for years. Also Comcast I believe went Indian (dot) for their call ctr as well. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Anonymous Coward User ID: 84219085 United States 04/06/2023 02:51 PM Report Abusive Post Report Copyright Violation | Bankruptcies = deflation Deflation is better than inflation because modern monetary theorists who want to pump up their stonk bubbles and socialize all risk are causing the decline of the USA. Overtax, overspend, overpump, their ponzi scheme monetary systems. |
Anonymous Coward User ID: 79915034 United States 04/06/2023 02:52 PM Report Abusive Post Report Copyright Violation | [[[Corporations]]] have stacked the deck against the little guy. Quoting: Anonymous Coward 84476493 Even a small gas station, feed store, or convenience store is a multi-million dollar operation now. Plumbing, electrical, and other trades fast becoming dominated by mega-companies. I'm reminded of the time at the beginning of the covid hoax when Trump invited all the Ceo's to the Rose Garden to all be called up one at a time to the podium and they all seemed to have the same talking points they were reading from... I knew the fix was in at that point as it related to the planned destruction of small business' Nothing happens by chance with these creatures. I remember listening to old George Gordon radio programs where he said even back in the late '70s early '80s the SBA offered him half a million dollars to take his business down to Juarez Mexico. |
Anonymous Coward User ID: 79370096 Germany 04/06/2023 02:55 PM Report Abusive Post Report Copyright Violation | |
TheWalkingDude
User ID: 80276927 United States 04/06/2023 02:59 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 85270947 United States 04/06/2023 03:02 PM Report Abusive Post Report Copyright Violation | I called my "local" electrical on Sunday because they advertise 7 day emergency service, and a foreign call center answered the phone. Quoting: Anonymous Coward 84476493 Turns out they're a huge company with woke advertising that features smiling black electricians, even though they're actual electricians are mostly Whites. Funny you say that. The Pittsburgh based medical supply company that I deal with for the first time had what seemed to be an Indian call center taking calls yesterday for the first time ever, and I have been dealing with them for years. Also Comcast I believe went Indian (dot) for their call ctr as well. I believe it's referred to as push-start or pull-start. |
Anonymous Coward User ID: 128996 United States 04/06/2023 03:05 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 84933910 United States 04/06/2023 03:06 PM Report Abusive Post Report Copyright Violation | |
Grove Street (Redux 3.0)
User ID: 85003305 United States 04/06/2023 03:07 PM Report Abusive Post Report Copyright Violation | but target, costco, walgreens and amazon, etc were essential businesses during the great 'mild cold' of 2020. but mom and pops were forced to be closed down. never forgive, never forget And this is why we can't have nice things. |
American Poet
User ID: 78830133 United States 04/06/2023 04:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 85583362 Netherlands 04/06/2023 04:12 PM Report Abusive Post Report Copyright Violation | |
Crypto-Tard
User ID: 85523296 United States 04/06/2023 04:42 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 85583647 United States 04/06/2023 04:47 PM Report Abusive Post Report Copyright Violation | |
XJDUB
User ID: 75816770 Canada 04/06/2023 04:49 PM Report Abusive Post Report Copyright Violation | rising rates, persistent inflation and slowing growth... Quoting: The Don Of Nantucket a... r... e... p... a... r... t... o... F... the... p... La... n... bankruptcy filings... t... o... o.. The White House... downplay... s... i... t... all... for example... Biden c... a... n... t... t... a... l... k Let the facts fall wherever, whenever, and however they may. INTP - The Logician. 'Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.' - Albert Einstein. |
Anonymous Coward User ID: 73839384 United States 04/06/2023 04:49 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79178182 United States 04/06/2023 04:56 PM Report Abusive Post Report Copyright Violation | |
The Don Of Nantucket
(OP) User ID: 80692948 United States 04/06/2023 05:14 PM Report Abusive Post Report Copyright Violation | |
The Don Of Nantucket
(OP) User ID: 80692948 United States 04/06/2023 05:15 PM Report Abusive Post Report Copyright Violation | I saw a potato chip factory in Ohio that was going under. 125 years old and they said covid killed them. Mikesells potato chips. Quoting: Anonymous Coward 79178182 Very sad, and to think it is only getting started. PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Anonymous Coward User ID: 75622846 United States 04/06/2023 05:19 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25769236 United States 04/06/2023 05:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76468984 United States 04/06/2023 05:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 85512725 United States 04/06/2023 05:53 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 84979589 United States 04/06/2023 06:01 PM Report Abusive Post Report Copyright Violation | I just closed one of my businesses. Not because of inflation or covid bullshit, business was actually pretty good sales wise. I closed it because of the hassle that the federal government had made it to do business via overregulation. At the end, we were, among other things, having to maintain tax licenses in every single of the 50 states, while also keeping a list of each customer from those states and submitting them to those states at the end of each month, along with sales and what exactly was shipped to each customer. Total horse shit and nearly impossible to do with a 3 person team, including myself. So fuck that. |
Maddrummerboy
User ID: 84078998 United States 04/06/2023 06:07 PM Report Abusive Post Report Copyright Violation | |
HYpEr7l9Er
User ID: 75756457 Canada 04/06/2023 06:14 PM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] Quoting: The Don Of Nantucket Small businesses across the United States are experiencing a surge in bankruptcies, surpassing levels not seen since 2020. According to a UBS note reviewed by The Epoch Times, conditions could become worse as the knock-on effects from the recent banking crises begin to manifest. The note from UBS Evidence Lab shows private bankruptcy filings in 2023 have exceeded the highest point recorded during the early stages of the COVID pandemic by a considerable amount. The four-week moving average for private filings in late February was 73 percent higher than in June 2020. “[We] believe one of the more underappreciated signs of distress in U.S. corporate credit is already emanating from the small- and mid-size enterprises sector,” Matthew Mish, head of credit strategy at UBS, wrote in a recently published research note. “[The] smallest of firms [are] facing the most severe pressure from rising rates, persistent inflation and slowing growth.” Industries hit hardest by the wave of bankruptcies include real estate, health care, chemicals, and retail outlets, according to the Swiss Bank’s report. The Federal Reserve’s monetary tightening to combat inflationary pressures has been largely behind the uptick in bankruptcies. UBS indicated that the fear of a credit crunch has further worsened the rise in defaults. Credit conditions are tightening across the spectrum. Large businesses and individual borrowers are feeling the heat as well. As of February 2023, the monthly bankruptcy filings exceeded 31,000, an 18 percent rise from the 25,564 bankruptcy filings reported in February 2022, according to data provided by the American Bankruptcy Institute. The increase in Chapter 11 bankruptcies—typically used by larger businesses—rose by 83 percent over the same period, with 373 total filings in February of this year. The White House has downplayed the current economic challenges and their impact on small businesses. Last week, for example, President Joe Biden cited higher rates of new business formation over the past three years—without acknowledging the issues entrepreneurs face. [link to www.themoscowtimes.com (secure)] MlCHAEL |
HYpEr7l9Er
User ID: 75756457 Canada 04/06/2023 06:14 PM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] Quoting: The Don Of Nantucket Small businesses across the United States are experiencing a surge in bankruptcies, surpassing levels not seen since 2020. According to a UBS note reviewed by The Epoch Times, conditions could become worse as the knock-on effects from the recent banking crises begin to manifest. The note from UBS Evidence Lab shows private bankruptcy filings in 2023 have exceeded the highest point recorded during the early stages of the COVID pandemic by a considerable amount. The four-week moving average for private filings in late February was 73 percent higher than in June 2020. “[We] believe one of the more underappreciated signs of distress in U.S. corporate credit is already emanating from the small- and mid-size enterprises sector,” Matthew Mish, head of credit strategy at UBS, wrote in a recently published research note. “[The] smallest of firms [are] facing the most severe pressure from rising rates, persistent inflation and slowing growth.” Industries hit hardest by the wave of bankruptcies include real estate, health care, chemicals, and retail outlets, according to the Swiss Bank’s report. The Federal Reserve’s monetary tightening to combat inflationary pressures has been largely behind the uptick in bankruptcies. UBS indicated that the fear of a credit crunch has further worsened the rise in defaults. Credit conditions are tightening across the spectrum. Large businesses and individual borrowers are feeling the heat as well. As of February 2023, the monthly bankruptcy filings exceeded 31,000, an 18 percent rise from the 25,564 bankruptcy filings reported in February 2022, according to data provided by the American Bankruptcy Institute. The increase in Chapter 11 bankruptcies—typically used by larger businesses—rose by 83 percent over the same period, with 373 total filings in February of this year. The White House has downplayed the current economic challenges and their impact on small businesses. Last week, for example, President Joe Biden cited higher rates of new business formation over the past three years—without acknowledging the issues entrepreneurs face. [link to www.themoscowtimes.com (secure)] [link to www.themoscowtimes.com (secure)] MlCHAEL |
Grove Street (Redux 3.0)
User ID: 81125085 United States 04/06/2023 06:15 PM Report Abusive Post Report Copyright Violation | all because of their fake 'pandemic' ... it was all NWo ushering in. no one got covid-19..fake as fuck do you guys even history? mao. holodomor. cambodia. etc etc its just more high tech now Last Edited by Grove Street (Redux 3.0) on 04/06/2023 06:16 PM And this is why we can't have nice things. |