"U.S. bankruptcies in the first quarter of 2021 and all of 2020 were above the 13-year average" An April 17 article headline on the website of National Public Radio says: U.S Economy Looking Good As Spending Jumps In March And, on April 29, The New York Times said: Americans' spending on durable goods -- cars and furniture and other goods meant to last a long time -- rose at a stunning 41.4 percent annual rate in the first three months of the year. Considering that the economy is "looking good," economic observers might conclude that a wave of corporate bankruptcies is of little concern.