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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2081)	3/15/2004 6:52:21 PM
From: ThirdEye	Read Replies (1) \| Respond to of 116555

On bankruptcy, it might be interesting to learn the reasons for those filings. Without them, the data is of questionable value. Here's a physician who thinks the primary reason for those filings is due to medical bills(some other choice material in this article as well): There are 43 million Americans without health insurance and nearly 1.6 million filings for personal bankruptcy each year. Nearly half of these occur because of inability to pay exorbitant medical bills. saag.org I don't know where he gets his data, but the assumption that someone filing for BK today would not realize that it would no longer absolve them from debt as it used to in the past is rather facile. The inability to pay medical bills strikes me as a pretty plausible reason for lots of BK, and should give pause to merely assuming it's from rampant consumerism.