What is the main reason for the biggest bankruptcy wave in America?

The biggest bankruptcy wave in the United States is mainly caused by the epidemic, and all walks of life have suffered billions of dollars in losses. Analysts believe that this is an economic earthquake with no signs of easing. In the context of the COVID-19 epidemic, a large number of departments will be affected by bankruptcy in 2020. However, consumer-centered industries have been particularly damaged.

Including listed companies with assets or liabilities exceeding USD 2 million (1 USD about RMB 6.94-this net note) and private enterprises with assets exceeding USD100000. The most seriously affected is the non-essential consumer goods industry. * * * More than 65,438+000 large enterprises went bankrupt, including 20 long-established retailers.

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The fundamental problem of the American economy is actually out-of-control debt, especially the residents are overwhelmed by various debts such as credit cards, car loans and student loans. This was exposed when COVID-19 came. Secondly, finance squeezes out the real industry, and the overall profitability of the real enterprise can't catch up with the financial enterprises that print money directly, so the real enterprise outsources all kinds of unprofitable departments. In those days, the United States raised Japan and South Korea in this way, and later raised China in this way. China has both the high-tech catching-up ability of Japan and South Korea, independence and a large population, so the real industry in the United States has become a bottomless pit.

People's Daily Online-Outbreak Triggers Bankruptcy Tide of American Big Enterprises