Economist Stephanie Pomboy has warned of the economic risks signaled by rising corporate bankruptcies in the US.
First-half US corporate bankruptcies surged to the highest level since 2010, per S&P data.
"It's really something, listening to johnny-come-latelys parroting my talking points on corporate bankruptcies (which none of them saw coming 6 mo's ago).
If they did, they'd be calling for a fiscal & monetary response that makes 2008-9 look like peanuts," Pomboy wrote.
This is not the first time Pomboy has raised concerns of looming economic and market risks in 2023.
Persons:
Stephanie Pomboy, Mavens, they'd, Pomboy
Organizations:
Service, P Global Market Intelligence, Valley, Bed, Lordstown Motors, Mediamath Holdings, Federal Reserve
Locations:
Wall, Silicon