Germany is grappling with a concerning trend as corporate bankruptcies soar to unprecedented levels. Recent data from the IWH economic institute reveals a stark reality: the number of insolvencies among partnerships and corporations surged by 9% month-over-month to reach 1,297 cases in March. This marks a substantial 35% increase compared to the same period last year and stands 30% higher than the March average observed between 2016 and 2019.
21 sats \ 1 reply \ @zuspotirko 10 Apr
I don't find it "alarming".
It's really more relieving. Normal economic hygiene long overdue.
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0 sats \ 0 replies \ @TomK OP 10 Apr
It's 'alarming' for the banks and the fiat lords
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21 sats \ 3 replies \ @Satosora 10 Apr
Older companies, or just newer companies that couldnt last?
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0 sats \ 2 replies \ @TomK OP 10 Apr
Comps that existed only thanks to the zero bound
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21 sats \ 1 reply \ @Satosora 10 Apr
There was a statistic somewhere that said less than 1% of companies make it to 100 years old..
SO, that means many are going to go bankrupt.
The real question is, are the businesses in question worth bailing out?
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0 sats \ 0 replies \ @TomK OP 10 Apr
No, clearly not
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