US Personal Bankruptcy Statistics

Link

The chart is ominous.

Bankruptcy filings peaked in 2005 Q4.  But the trend is up.  Sustained unemployment will mean more bankruptcy, more defaults on loans, more foreclosures.  Housing markets will get weaker.  People won’t be able to pay their mortgages, and prices will have to go down to the point when those with cash can buy.  It looks bleak.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s