All this matters to banks, because their portfolios are chock full of loans to industries — think agriculture, tourism, real estate and energy — that could be particularly hard hit by warming temperatures.
Nobody can say for sure whether the stock market will sink further, and whether the broader economy will merely soften, as widely expected, or whether it will fall into a recession.
"You need to be able to track your income, expenses, and net worth. It needs to be staring you in the face every day. Once you start seeing these key metrics improving regularly, it will spur you to dig into the details and find opportunities to grow
“You want to give … but sometimes giving them isn’t actually helping them,” said Gary Cooper, a private wealth adviser at UBS Financial Services. “Our job is to help them, not do for them, right?”
Despite all the big name closures, the overall number of liquidations has fallen this year. There are fewer launches too, but that suggests better quality.