Global Economic Train Wreck
Nov 6th, 2006 | By Michael Shedlock | Category: Macro Economics
Bloomberg is reporting, "U.K. Third-Quarter Personal Bankruptcies Reach Record":
"Personal bankruptcies in Britain climbed to a record in the third quarter as surging house prices and rising interest rates pushed consumers to take on more debt than they were able to repay.
"Individual insolvencies in the three months through September totaled 27,644, ...read more
