🚨 $BTC Crisis Alert: Bankruptcy Wave & Debt Surge, Consumers Under Pressure

The warning light has been turned on! The number of bankruptcies among large corporations in the United States has soared to the highest level since 2010, with 18 major companies collapsing in just three weeks. The average bankruptcy rate over these three weeks is approaching the peak levels seen during the pandemic, nearing the levels of the 2009 financial crisis.

Even more shockingly—consumers are also under pressure. The severe credit card default rate has surged to 12.7%, the highest since 2011, and the rate of increase is even faster than during the 2008 financial crisis. At the same time, total household debt in the United States has skyrocketed to a historic high of $18.8 trillion, with record levels of mortgage, credit card, auto loan, and student loan debt.

This is the typical stress of the late economic cycle: rising defaults, slowing growth, and debt reaching its peak.

Will the Federal Reserve intervene before the cracks turn into a fault?

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