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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.21+1.9%4:00 PM EST
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To: TobagoJack who wrote (32695)4/9/2008 8:12:25 PM
From: Ilaine  Read Replies (2) of 219280
 
Interestingly (to me, at least) of the six bankruptcies I have filed in the last two weeks not one was due to a crazy mortgage. All due to the old time usual reasons, medical bills, loss of job, death in the family, divorce.

Of the four I will file in the next week, two have mortgage issues, two don't.

So, 20% of this month's foreseeable BK related to mortgage/foreclosure issues, 80% not.

And we're still WAY below the number of filings before the 2005 changes to bankruptcy law (I won't bore you with this, it's a big deal to BK law here but snooze inducing otherwise.)

Outside of mortgage issues, which are not inconsiderable, the US economy remains steady as she goes.
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