YBK [Part 11]: Houston, we have a problem...bankruptcy filings were up 12% nationwide for the months of April, May and June of this year. Also, the housing market is beginning to flatline in "bubble states", with national figures now being kept high only through increased sales in the Midwest and of multiple-unit housing, both of which had heretofore seen a much lower rate in their expansion of value. Consumers will also soon receive the unpleasant surprise of having their monthly credit card payments double.

[Previous YBK posts are here, here, here, here, here, here, here, here, here and here.]