2012-07-07mybudget360.com

There are four big ships that are on path that will continue to create a sluggish economy. Total credit market debt is now above $55 trillion yet US GDP is at $15 trillion. If you look at the employment market you have a flood of lower paying jobs for a massive workforce that needs to retool. Many are being lured into college debt machines just for the sake of going back to school. As these items combine you have a case of persistent long-term unemployment and an older generation now relying on a younger less affluent generation


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