by Michael Snyder, The Economic Collapse Blog:

Businesses are declaring bankruptcy at a much faster rate than they did last year.  Thousands upon thousands of once thriving businesses are failing, but this just must be another sign that the economy is “fine”.  No matter how bad the numbers get, we are assured that the people running things have everything under control and that the outlook for the future is wonderful.  Of course I understand that this is an election year and virtually everyone is trying to put their own unique spin on things.  But there is no possible way that you can make numbers like these look good…