Credit Card Defaults Rising

I actually saw this on Calculated Risk yesterday, and now Barry Ritholtz is reporting it, too.

I think we are starting to see the signs of bad economic mojo on the horizon. Actually, we had signs of it before, but now it should start to become obvious to financial pundits.

I will wrote more about this later; but I still don't regret getting out of the bankruptcy practice. The new law's pitfalls combined with people who won't be able to pay will create problems for years to come.