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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST

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To: long-gone who wrote (12512)6/2/1998 11:28:00 PM
From: PaulM  Read Replies (2) of 116796
 
Richard, 1.37 million bankruptcies per year works out to one half of one one percent of Americans (or 1 in 200) going bankrupt annualy. And that counts all 280 mill Americans, when in fact the number of adults and working households is significantly less than 280 mill.

The numbers are NOT just a reflection of how easy it is to use the bankrutpcy laws. The banks could remedy that themselves by witholding credit from excessive risks.

In fact, the numbers are another indication of the enormous gap between the have's and have nots in America. Note especially Visa's interpretation of the economy as the "soaring stock market."

And imagine what it will be like when market isn't soaring.
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