U.S. household indebtedness, and over 8 trillion U.S. dollars, 50 million people a week Bankruptcy.

<P> Has repeatedly been warned, repeatedly pushed to new U.S. personal debt ratio, now seems even more horrible reality is much more than expected. .Total liabilities of U.S. residents have the country more than 8 trillion dollars, a substantial increase in debt from rising house prices mainly driven by increased credit lines, which is the formation of a crisis, the U.S. real estate bubble burst precursors might first appear in the credit .market. .</ P> <P> Although until now the U.S. real estate market has no direct evidence of the collapse, but the credit markets already show problems is approaching. .</ P> <P> the overall U.S. housing prices between 2000 and 2004 rose 65%, benefiting from low interest rates during this period. .However, this situation has changed now, the Fed raising interest rates 12 consecutive times, the momentum began to become a drag. .Fed Beige Book released last week on that, although the overall U.S. housing market remains active individuals, but individuals in many parts of the housing market activity slowed, Philadelphia, Richmond and Cleveland home sales release .Slow, mediocre Chicago and Atlanta, Kansas City area can not sell more stock. .</ P> <P> some time ago, a number of Bank of America announced a quarterly third quarter of the year, and have made a profit warning. .U.S. largest bank, said earlier that a quarter of the bad debt losses could reach over one billion U.S. dollars. .In addition to "Katrina" hurricane reason, there is a 10-month implementation of the new bankruptcy law caused by the U.S. surge in the number filing for bankruptcy. .</ P> <P> the new U.S. bankruptcy law bankruptcy raised the threshold of the American people, prevent the use of loose bankruptcy system to avoid debt, nature of the banking sector should be welcomed. .But even the banks themselves did not think of estimates, the problem is very serious. .</ P> <P> this year, raised interest rates, rising oil prices, hurricanes, plus prices no longer rose sharply as before, Americans are not good at saving the already stretched out. .Therefore, in the bankruptcy bill on Oct. 17 deadline for a few days before, a large number of Americans flock to the court for bankruptcy. .According to statistics, only in the Oct. 17 week, there are more than 50 million people declared bankruptcy, the equivalent of one-third of last year, grand evident. .</ P>.