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Pastimes : How to best deal with KOOKS at this web site
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To: Bill Ulrich who wrote (732)7/8/1997 8:51:00 PM
From: Iceberg   of 1894
 
MrB, re: breakdown...thanks for the data. It seems to be well known that personal bankruptcies are up. But I'm not sure what that really means in economic terms. Could mean people are just more interested in an easy out - a fad, so to speak, since being bankrupt doesn't have the negative connotations it used to have. (Divorce used to be considered bad too, before it became the popular thing to do.) Could be simply a reflection of mass mailings of easy credit card offers and lax screening of credit card applicants. Could be for lot's of reasons that aren't necessarily reflective of a looming doomsday.

The breakdown I was interested in, and what might be more meaningful, is the ratio of personal debt service to personal income. I haven't seen these ratios, although they probably exist somewhere. If you happen to run across any such figures, I'd appreciate your forwarding the information.

Thanks,

Ice
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