I don’t get it. This is also why I don’t trust the “strong growth” report that had recently come out. Companies are going broke at this high rate for the reasons mentioned in the article. Jobs are certainly not taking off either. Where is all this extra GDP coming from? Is this a product of inflation? I know money is tight where I am employed, I would need to see some seriously strong evidence that AI is really making companies and people that much more productive right now. Maybe its AI infrastructure getting billions and billions dumped into it? Curious what others know or think
Edit: grateful for the discussion
defaultedebt on
For reference, here is the reported bankruptcies in the 2024 S&P Global report:
>December’s [**2024**] 61 bankruptcy filings by certain public and private companies brought the 2024 total to **694**, according to the latest data from S&P Global Market Intelligence. This surpassed the **635** filings in 2023 and the **638** filings in 2020, a previous 10-year high set during a year that was significantly impacted by the COVID-19 pandemic. The 2024 total amounts to the largest single-year tally since 2010, during the aftermath of the Great Recession.
It would seem that this has slightly worsened since 2024, as the article notes the 2025 recorded bankruptcies are 717 in 2025, though I cannot find the 2025 report from S&P (I imagine it’s limited to institutional access currently.) Nevertheless, per the 2024 report I linked, the average bankruptcies between 2010 – 2024 is approx. 570 per year.
So while the 717 figure is elevated, it appears to be continuation of what has been a higher than average level since 2023. Inflation was cited as a significant cause for this, and I imagine the tariff uncertainty exacerbated this even as rates gradually come down.
LaOnionLaUnion on
This is why I hate the AI bubble everyone’s hyping. I’m assuming they’ll be a downturn and everyone will blame AI forgetting a lot of the trouble was at least partially caused by the current administration’s policy.
Barnyard_Rich on
defaulteddebt blocked me immediately after commenting because he knows I push back on his political messaging. Here’s my rebuttal to that comment I can no longer see:
Dude, your own link states that it is the highest number since 2010, even higher than the pandemic and not by a small margin. What’s worse, your article points out that the numbers you are citing are **through December**, while this report is **through November**. Not only are pretending that the higher number doesn’t matter, but you’re also saying the high number **in a shorter period of time** doesn’t matter.
And you’re still surprised people don’t buy that clear propaganda.
4 Comments
I don’t get it. This is also why I don’t trust the “strong growth” report that had recently come out. Companies are going broke at this high rate for the reasons mentioned in the article. Jobs are certainly not taking off either. Where is all this extra GDP coming from? Is this a product of inflation? I know money is tight where I am employed, I would need to see some seriously strong evidence that AI is really making companies and people that much more productive right now. Maybe its AI infrastructure getting billions and billions dumped into it? Curious what others know or think
Edit: grateful for the discussion
For reference, here is the reported bankruptcies in the 2024 S&P Global report:
https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/1/us-corporate-bankruptcies-soar-to-14-year-high-in-2024-61-filings-in-december-87008718
>December’s [**2024**] 61 bankruptcy filings by certain public and private companies brought the 2024 total to **694**, according to the latest data from S&P Global Market Intelligence. This surpassed the **635** filings in 2023 and the **638** filings in 2020, a previous 10-year high set during a year that was significantly impacted by the COVID-19 pandemic. The 2024 total amounts to the largest single-year tally since 2010, during the aftermath of the Great Recession.
It would seem that this has slightly worsened since 2024, as the article notes the 2025 recorded bankruptcies are 717 in 2025, though I cannot find the 2025 report from S&P (I imagine it’s limited to institutional access currently.) Nevertheless, per the 2024 report I linked, the average bankruptcies between 2010 – 2024 is approx. 570 per year.
So while the 717 figure is elevated, it appears to be continuation of what has been a higher than average level since 2023. Inflation was cited as a significant cause for this, and I imagine the tariff uncertainty exacerbated this even as rates gradually come down.
This is why I hate the AI bubble everyone’s hyping. I’m assuming they’ll be a downturn and everyone will blame AI forgetting a lot of the trouble was at least partially caused by the current administration’s policy.
defaulteddebt blocked me immediately after commenting because he knows I push back on his political messaging. Here’s my rebuttal to that comment I can no longer see:
Dude, your own link states that it is the highest number since 2010, even higher than the pandemic and not by a small margin. What’s worse, your article points out that the numbers you are citing are **through December**, while this report is **through November**. Not only are pretending that the higher number doesn’t matter, but you’re also saying the high number **in a shorter period of time** doesn’t matter.
And you’re still surprised people don’t buy that clear propaganda.