Small business bankruptcies have risen sharply with the jump in interest rates.
— The Kobeissi Letter (@KobeissiLetter) October 2, 2023
Compared to 2020, we have seen a near 60% increase in small business bankruptcies.
Bankruptcies are also up from 2021 and 2022 levels by ~35% and ~40% respectively.
Large corporations may be able… pic.twitter.com/rOLxVbsloA
Monday, October 2, 2023
Compared to 2020, we have seen a near 60% increase in small business bankruptcies. Bankruptcies are also up from 2021 and 2022 levels by ~35% and ~40% respectively.
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