Relevant:
- The suffocation of unsustainable global debt -- Total global debt is now over $190 trillion and more than three times global GDP.
- The Real Elephant in the Room
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- Built to Fail: Key Lessons from the Financial Crisis
- Some Things to Consider if Spain Leaves the Euro
2012-10-07 — mybudget360.com
The market is incredibly addicted to debt and that is why the Fed went with QE3 and the ECB is openly doing repo actions. In other words, most of the growth is coming from the manufactured debt side of the equation. One thing is certain and that is the markets have currently forgotten the problems with too much debt. Americans are already feeling it with their pocket books.
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