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US companies file for bankruptcy at fastest pace since 2013

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Financial Times/Joe Rennison and James Fontanella-Khan/6-30-2020

graphic image collapsing house of cards“‘This is not like any other situation that the economy has experienced, certainly in my lifetime,’ said Larry Young, a Houston-based managing director at consultant AlixPartners, which specializes in corporate turnarounds.”

USAGOLD note:  Is this the end of the beginning or the beginning of the end?