Wall Street Journal (March 29)
“The downward trend in personal bankruptcies bucks predictions by analysts and economists that disruptions from Covid-19 lockdowns and restrictions early in the pandemic would lead to a sharp increase in filings. Economists and bankruptcy lawyers say federal suspensions of evictions, home foreclosures and student-loan obligations have helped limit bankruptcies—though they worry bankruptcy rates could go up after aid ends.”
Tags: Analysts, COVID-19, Disruptions, Downward, Economists, Evictions, Foreclosures, Lockdowns, Pandemic, Personal bankruptcies, Predictions, Restrictions, Student loans, Trend
Wall Street Journal (April 10)
“The U.K. and U.S. economies are recovering, and pessimistic predictions that fiscal consolidation was incompatible with economic recovery have turned out to be comprehensively wrong,” writes George Osborne. The UK’s chancellor of the exchequer is equally upbeat that the both countries will surpass the “gloomy arguments” being put forth by pessimists of secular stagnation. Free markets continue to be the “engines of progress…. we can secure lasting economic growth and ensure that all of our citizens benefit.”
Tags: Chancellor, Citizens, Economies, Free markets, George Osborne, Growth, Predictions, Progress, Recovering, Recovery, Secular stagnation, U.K., U.S., Upbeat