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Blogonomics: Seeking Alpha Plays the...   WSJ and FT Buck the Newspaper Trend
Apr 11 2008 9:59AM EDT

Bankruptcies: Still Rare

I'm signed up to the WSJ's email alert service, which sent me a couple of messages last night. At 12:14 am there was this:

WSJ NEWS ALERT: Linens 'n Things Is Expected to File For Chapter 11

And at 2:19 am there was this:

WSJ NEWS ALERT: Frontier Airlines Files for Chapter 11 Bankruptcy

I think of this as good news: bankruptcy filings are still rare enough that they require middle-of-the-night news alerts. It's when they get treated as commonplace that we'll know the economy's in serious trouble.

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