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


To: KyrosL who wrote (72002)1/9/2010 3:13:02 AM
From: Maurice Winn1 Recommendation  Respond to of 74559
 
Okay then, let's cut to the chase: <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. > >

You say there are 2.5 million people dying per year and only 1.4 million going bankrupt.

I think it's worse to be dead than bankrupt, so who cares about half as many people being bankrupt as being dead? Being dead is very final and very undesirable. Being bankrupt can even be a strategic move. Being dead is very rarely a strategic move.

Either way, the numbers are trivial in the big picture.

Mqurice