A recession seems unavoidable.
Prof.Alex
@profalex.bsky.social
1217 Followers
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Camping lover, golf nut, and of course, dogs & cats. Attorney, Professor: Bankruptcy.Blog.
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This week's news: Bank of America says something scary: stagflation! Student loan defaults hit a record high, and John Deere just announced a $200 million hit with the tariffs, and expects $400 million more!
#TariffImpact #TariffWar
bankruptcy.blog/2025/08/stag...
Stagflation and Record Highs in Student Loan Defaults
Stagflation is the latest concern based on a report by Bank of America, as U.S. consumers feel the financial impact of a reduced labor force.
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John Deere took a $200 million hit from tariffs this past quarter, and estimates $600 million by the end of this year.
To simplify, your sit-down mower just got more expensive. #TariffWar #TariffImpact #johndeere
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Claire's files for bankruptcy again, and this time, it might result in closing all their locations as the company cites multiple issues, such as mounting debt, shifting consumer habits, and the Trump-era tariffs.
#Claires #bankruptcyblog #TrumpTariffs
bankruptcy.blog/2025/08/clai...
Claire's Bankruptcy Chapter 11: Tariffs and Store Closures
Claire's files for bankruptcy again, citing debt and tariffs. Discover what this means for its 2,750 locations.
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📈 Producer price inflation (PPI) jumped to 3.3% in July — the biggest annual spike since February, per the Bureau of Labor Statistics.
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He's got 7% up on me.
Eric Adams told us in the strongest terms yet that he won't drop out of the NYC mayoral race — despite him now polling at 7%.
When asked whether he thought Mamdani or Cuomo would be worse for the city, Adams told us both were "extremely problematic."
Eric Adams no-quit credo could help spell Z-O-H-R-A-N for NYC
The defiant incumbent is facing low polling numbers and a split base, but says he won’t make way for another centrist against Zohran Mamdani.
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If you get 7% more votes than me and I'm in Florida and not running, that's not a good sign.
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Maybe Gloria Gaynor can sing a new song? How Are We Going to Survive?
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All that is needed is a nationwide rally on this. Just think about it. MAGA will join.
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Here's my latest blog post and video on completing Schedule C of the bankruptcy petition.
#bankruptcyblog #BankruptcyLaw #BankruptcyLaw
bankruptcy.blog/2025/08/sche...
Navigating Schedule C Exemptions in Bankruptcy
Explore Schedule C exemptions to protect your personal property during bankruptcy. Understand what you can keep based on state laws.
