Author Topic: Commercial bankruptcies ticking time bomb  (Read 1299 times)

new age

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Commercial bankruptcies ticking time bomb
« on: Aug 07, 2009, 12:20:43 PM »
Reliable sources across the atlantic and here are saying that the wave of individual mortgage defaults is still now over. The Daily Mail today said that Scottish bankruptcies are now starting to soar, so this thing clearly has some way to go yet.

However, business mortgages/leases are yet to hit and when they do they will hit hard. Okay some have obviously gone out of business but things are set to get worse according to people like Gerard Celente and Peter Schiff.
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gibraltar

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Re: Commercial bankruptcies ticking time bomb
« Reply #1 on: Aug 13, 2009, 01:13:04 PM »
France and Russia are officially out of recession according to their GDP statistics. I still think the US is a long way off, so what you say sounds about right.