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The Great Debt Unwind: Business Bankruptcies Soar 38%

Submitted by Wolf Richter via, Six years of Fed & Wall Street hype come home to roost Something funny happened on the way to the bank: In August, commercial and industrial loans outstanding at all banks in the US fell for the first time month-to-month since October 2010, which had marked the end of the collapse of credit during the Financial Crisis. In October 2008, the absolute peak of the prior credit bubble, there were $1.
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