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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (71986)1/8/2010 2:01:36 AM
From: marcos1 Recommendation  Read Replies (3) | Respond to of 74559
 
Greek Dude Shorts Chenron, May Be Eyeing Brasilly - nytimes.com

We just got property assessments here, two for raw land just went up, they'd been frozen at '08 levels for '09, i expected a bit of a drop, but nope went the other way, by less than 5% but still up not down ... not much turnover around here, and little for sale, i think one semi-comparable sale last summer skewed the figures ... this is rural southern coast BC, corner of which never had any crazy run-up into '08, and little of it based on debt



To: Snowshoe who wrote (71986)1/8/2010 5:48:41 AM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 74559
 
Is that all? <The AP gathered data from the nation's 90 bankruptcy districts and found 1.43 million filings, an increase of 32 percent from 2008.>

1.4 million bankruptcies out of 200 million adults isn't a significant proportion. More than that commit suicide, or get killed in car crashes, or get murdered.

1 person in 100 is pretty much beyond redemption at the best of times, so it's surprising that the rate is that low.

Mqurice


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