by Michael Snyder
The Economic Collapse Blog
Is the fact that large companies are filing for bankruptcy at the fastest pace in 15 years a good sign for the economy or a bad sign for the economy? I don’t even have to answer that question because all of you already know the answer. And as you will see below, other types of bankruptcies are soaring as well. We are a nation that is absolutely drowning in debt, and now bubbles are bursting all around us. I hope that you have positioned yourself for what is about to happen, because the months ahead are going to be rough.
According to Newsweek, 446 large companies filed for bankruptcy during the first seven months of this year. That is the highest total that we have seen since 2010…