from Elliott Wave International
“U.S. bankruptcies in the first quarter of 2021 and all of 2020 were above the 13-year average”
An April 17 article headline on the website of National Public Radio says:
U.S Economy Looking Good As Spending Jumps In March
And, on April 29, The New York Times said:
Americans’ spending on durable goods — cars and furniture and other goods meant to last a long time — rose at a stunning 41.4 percent annual rate in the first three months of the year.
Considering that the economy is “looking good,” economic observers might conclude that a wave of corporate bankruptcies is of little concern.
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