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: Arizona Bankruptcy Attorney BlogWill Unrest in Egypt Injure U.S. Economy and Drive More Bankruptcy Cases?
By Joseph McDaniel, Esq.
As a practical matter, as prices go up with inflation, and energy prices go up with scarcity, all prices in the economy will drift upwards.
Since unemployment is still hovering around a real level of 19%, wages will not go up to match inflation.
And bankruptcy cases will result.
The only question is how many.
Full post as published by Arizona Bankruptcy Attorney Blog on February 07, 2011 (boomark / email).
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