Here's a "green shoot" for ya!

[max]

And CNBC STILL laughs at Peter Schiff for being a "permabear"

http://www.reuters.com/article/email/idUSTRE5815X020090902

U.S. consumer bankruptcies up 24 percent in August

NEW YORK (Reuters) - Bankruptcy filings by U.S. consumers rose 24 percent in August compared with a year earlier and could reach 1.4 million this year, according to an American Bankruptcy Institute and National Bankruptcy Research Center report released on Wednesday.

Despite the spike, consumer bankruptcy filings last month were down 5 percent from July.

The August bankruptcies brought the 2009 number to 922,000.

In 2008, a total of 1.1 million consumers filed for bankruptcy, according to ABI.

[TonySutton]

Quarterly bankruptcies have been climbing steadily since the rules changes. We are still not up to our pre-rule change records but we are getting there very quickly.


2006 112,685 150,975 165,862 177,599 617,660
2007 187,361 203,744 211,742 218,428 822,590
2008 236,982 266,767 280,787 288,436 1,074,225
2009 316,158 365,059

These are quarterly numbers with annual total at the end

[Freedom 4 all]

I've never heard that expression before, what's a permabear?

[Dorfsmith]

Someone who is always bearish on the market.