Bankruptcy And Debts

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Daniel Rutschman, 51, aka 'Danamo' aka 'Bret Ludwig' in his own, hateful, crazy, discriminating and very self describing words. On October 3, 2007, Daniel Rutschman posted under his moniker 'Bret Ludwig'. On Oct 3, 3:13 pm, Bret Ludwig wrote: A good friend of mine and his wife show up at a party. She is wearing a (imitation) Pucci print dress similar to ones Marilyn Monroe wore in the last couple of years of her life. He's got a suit and a tie made out of that same print fabric. To ..».

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Ever since I have been writing about the economy (about 4 years) I have focused on the mammoth increase in US debt during this expansion. It has led me to question the underlying vitality of this expansion as a whole. Events of the last six months indicate the markets are also asking the same question right now, although in a somewhat different way. In effect, the economic dominoes are starting to fall. Ultra-low interest rates which inflated asset prices and allowed an explosion of debt ....

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Ever since I have been writing about the economy (about 4 years) I have focused on the mammoth increase in US debt during this expansion. It has led me to question the underlying vitality of this expansion as a whole. Let's start with a few basic charts. Above is a chart from of total household debt. Notice the curve is almost parabolic over the last few years -- and especially this expansion. Above is a 10 year chart of household debt. Notice it has increased from about $8 trillion to ..read all.

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