Those looking for economic bright spots will not find it in foreclosures or bankruptcies. Please consider Sharp Increase in March in Personal Bankruptcies from the New York Times.
“Federal courts reported over 158,000 bankruptcy filings in March, or 6,900 a day, a rise of 35 percent from February, according to a report to be released on Friday by Automated Access to Court Electronic Records, a data collection company known as Aacer. Filings were up 19 percent over March 2009. The previous record over the last five years was 133,000 in October.”
– Mike Shedlock, Mish’s Global Economic Trend Analysis
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