October 12, 2005
It only took four months, but the New York Times has also come to the conclusion that a robust housing market has an inverse correlation to the rate of bankruptcies in a state. Barry L. Ritholtz also notes the intriguing connection between high bankruptcy rates and Republican voting, something that can be seen when one looks at a county-by-county map of the rate of increase/decrease in bankruptcy filings since 2000, and the county-by-county electoral maps from 2000 and 2004. An apples-and-oranges comparison, of course, since one map reflects a four-year trend, while the others are snapshots that don't quite give a sense of how strong the inclination is in some states to file bankruptcy (Utah, for example, has hardly budged since 2000 in the number of bankruptcy filings, but has consistently been at or near the top in terms of the percentage of filers), but interesting nonetheless.
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