Wednesday, November 4, 2009

Business Bankruptcy 2009 update

http://doomisnigh.blogspot.com/2009/08/business-bankruptcy-fillings.html
Back in August I thought my predictions would be close to target but second Quarter blew past my prediction of 15+ thousands. Topping 16 thousands which is bad a record for any quater and almost matches all of 2006 the last 'good' year. Also 2nd QT is typical the slow quater for BK. I would imaging the Q3 numbers will be even worse and one wonders what the Citi BK will have (A spike would not surprising as credit dries up sales at smaller merchants). In short big problems in the business sector.

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