🚨. The number of major bankruptcy cases in the United States reached 686 by 2024 as of December 23, the highest number in 14 years, following a year of financial crisis. In comparison, there were 636 and 828 filings in 2023 and 2010, respectively. Bankruptcy cases are rising as the economic recession approaches.

🎯The employment rate in the United States as a percentage of employment has dropped to 3.3%, the lowest level since the 2020 crisis. The employment rate is below the pre-pandemic average for the period 2015-2019, which is 3.8%, and lower than the recession levels of 2001.

🎯The cash liquidity held by Warren Buffett at Berkshire Hathaway reached a new record of $325.2 billion. The cash share of total assets reached 28%, surpassing the levels seen in 2005 before the great financial crisis.