More than 6,700 businesses failed for bankruptcy in the second quarter of 2007, 7 percent more than in the first quarter and almost 40 percent more than at the same time last year, according to U.S. Bankruptcy Court data. The main causes are increases in energy, raw material, and labor costs; interest rate trends; and the slowdown in housing sales. San Diego for sale by owner real estate
2 thoughts on “Business bankruptcies spike”
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Yes house prices might fall even more than during the great depression but maybe there are just different drivers and each depression will be driven by completely different circumstances. Maybe a recession would not be a bad thing over the long run.
Miranda
San Diego Hotels & Tourism
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