Moody's says that companies at risk for bankruptcy are 15X greater in number now than in 2007 which is when our economic crisis started. The longer we stay in depression the more companies will go under.
Sadly, there are many well known companies on the list like Chrysler that are going to crater if our economy does not improve. I predict that there will be many more Ghost Malls as our economic crisis takes its toll. In fact, broad economic collapse will lead to massive social unrest.
The new numbers seem similar to those of the Great Depression. George Celente is saying that gold will go to $2000/oz and there will be massive hyperinflation.
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