Its on the rise compared to January - its still lower year on year. Additionally is business insolvency as closely related to mortgages as personal insolvency? I'm trying to have a constructive conversation - chill out a bit mate.
Here is quarterly figures - there is an uptick, still pretty low and much lower than that of two years ago. If you overlaid the data with new business registrations and if that number was also down, therefore net businesses would be down then that would be some cause for this bubble theory.
I feel like under and unemployment numbers are by far a much stronger metric to go by. Regardless an increase in interest rates will be the key trigger. It puts a large % of the populous on a tighter squeeze. As wages continue to stagnant and inflation and thus interest take hold we will see and unwinding of this "bubble". Just my 2c.
