2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 422.21

+1.9%

Jan 12 4:00 PM EST

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To: TobagoJack who wrote (32447)	4/9/2008 8:29:06 AM
From: Ilaine	Read Replies (1) of 219292

Jay, as you know I practice bankruptcy law for a living. I look at people's credit card statements every day. Some people do carry incredible amounts of debt and make minimum payments every month, sinking further and further behind. They're suckers and most of them will get right back into the same thing once the old debt is discharged. Others have almost no credit card debt at all. Most people are pushed into bankruptcy by disaster, such as illness, job loss, divorce, death of a spouse. The phenomenon of people with crazy mortgages is new, and after a spike last year the lenders are more willing to do workouts. Not that this is a rosy picture. But that wasn't the point. You are having wet dreams fantasizing about the collapse of the US economy, and it's simply not happening. A recession is not a depression, and a depression is not TEOTWAWKI.

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