Rising Rates Cause Bankruptcies

Rising interest rates are causing problems. Companies borrowed money with variable interest rates, and now that rates are higher, their borrowing costs have surged. This has led to more bankruptcies among private equity firms this year, the most since 2013. So, rising interest rates are a major issue.

Watch more of this short video from Gretchen Morgenson: Our Economy Is Being Plundered By Wall Street Elites.

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