Imminent Bankruptcies, Part 1: Carvana and Beyond Meat

Many more are coming, as market psychology turns really dark

One of the signposts on the road to recession (or in today’s case Depression) is a sudden increase in the number of former Wall Street favorites going bankrupt. The reason this happens when it does is that when money is easy, new companies are able to finance their emergence by selling a “disruptive” story to speculators who get swept up in the hype and…