Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That was when the conditions were relatively good. With a special stress - medical, job, divorce, they end up suddenly with no access to one more shot of refi and credit and then, it breaks.

But now, I think we're going to start and see more bankruptcies rooted in overconsumption in the run-of-the-mill middle class. It's gonna be ugly.

by Francois in Paris on Tue May 27th, 2008 at 02:58:46 AM EST
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