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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (3615)12/18/2003 8:29:39 PM
From: Jim Willie CB  Read Replies (2) of 110194
 
debt burdens have limits, grasshopper

debt service is now estimated as 78% of US GDP
debt load is now estimated as 115% of US household income

in a few years, at this pace, it will be 85% of GDP
and 135% of household income

"same old same old" arguments like yours are part of the problem
you should perhaps become a PR man for the Fed
mui shallow, methinks

/ jim
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