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With the economy not getting better in the next couple of months, we’ll probably see more brands and stores disappearing.

Last year, Linens-N-Things, KB Toys, Mervyns, Bombay & Co., Aloha airlines, The Sharper Image, all went bankrupt.

This year we could see any of the Big 3 automakers fail. Even with the bailout, they are still in trouble unless they change drastically. They aren’t the only companies that are in trouble, after closing over 100 stores, Circuit City is hanging on by a thread.

These are just big companies and chains. That doesn’t include all the “mom-and-pop” style local shops or even small, regional brands and chains.

Plenty of banks are still in trouble too. This year isn’t expected to be a great year when millions more residential and commercial adjustable rate mortgages reset. While the mortgages may not reset to the outrageous rates they were last year and the year before, hundreds of thousands of people are losing their jobs and won’t be able to afford the extra interest payment.

Jeremy

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