Rising Corporate Bankruptcies Amid Economic Strength

The increase in corporate bankruptcies has reached the highest level since 2010, indicating a troubling trend in the U.S. economy. Despite this, recent data suggests the economy is experiencing unexpected strength, with key indicators like rising job openings and positive purchasing manager surveys highlighting business activity. There's a notable disconnect between corporate distress and overall economic performance, as bankruptcies rose by 8% compared to the previous year, yet many sectors exhibit signs of resilience. This situation raises questions about the foundation of these bankruptcies, hinting that factors beyond just weak economic conditions are at play.