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View Full Version : Hold the PHONE! US bankruptcies UP 35% ... POOP hitting the FAN...


RUNFORTHEHILLS
7th April 2010, 08:12 PM
http://www.gold-eagle.com/editorials_08/nielson040610.html

Oops there goes the six million jobs LOST recovery....

That's change you can believe in....

Now I'm in recession when my jobs gone it'll be shear

DEPRESSION....

Where my smilie doing the Texas Two Step?
ximmy
7th April 2010, 09:55 PM
One of my neighbors has been stressing out for over a year, trying to keep up with the mortgage and bills. He has started the bankruptcy process and is much calmer now.
dysgenic
7th April 2010, 09:57 PM
The interesting thing about this bankruptcy thing is that it's happening AFTER they changed the laws, making it more difficult to file. And filings are STILL through the roof. It's much worse than the numbers suggest.
SeekYeFirst
7th April 2010, 10:24 PM
The interesting thing about this bankruptcy thing is that it's happening AFTER they changed the laws, making it more difficult to file. And filings are STILL through the roof. It's much worse than the numbers suggest.

Exactly. MISH had a great post about this a few days ago. Thing to note about the month to month stats is that March had several more business days than February which skewed the info a little.
Horn
7th April 2010, 10:41 PM
Wait until those 200,000 "late" unemployment extensions hit the books.
dysgenic
7th April 2010, 10:45 PM
Wait until those 200,000 "late" unemployment extensions hit the books.





...and the birth/death model is factored in.
DMac
8th April 2010, 07:47 AM
Wait until those 200,000 "late" unemployment extensions hit the books.




Wait until the pinch from the recently cut off extended recipients hits!


Nearly 400,000 jobless Americans are going to see their long-term unemployment benefits cut off after Congress failed to pass a short-term extension before taking a two-week break.

http://www.npr.org/templates/story/story.php?storyId=125568682&ps=cprs