Lots of bankruptcies this year It is 2025, and no one wants addititonal offices anymore. About a third of office spaces are vacant. Commercial construction is halted and municipalities have reduced business and residential taxes with rising commercial bankruptcies. As a result banks and low level creditors are losing their investments in :
1. Commercial real estate companies, particularly in the west. No one wants oil anymore and oil companies and related services companies are going bankrupt.
2. Commercial construction contractors and concrete subs can't pay all their rents, employees, equipment loans, credit loans and are going bankrupt. Too much vacant office space available for minimal rent. No one wants to build new offices!! Forget construction.
3. Infrastructure products supply companies with municipalities reducing budgets by up to 30% except on wages.
4. All oil related industries need massive cash infusions to get into EV business and save jobs.