Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Haim R. Branisteanu who wrote (89400)	10/28/2008 3:44:44 PM
From: Elroy Jetson	1 Recommendation Read Replies (2) of 116555

The debt level which various Americans owe to other Americans is quite enormous. In fact, this debt is so very large relative to incomes that it can no longer be sustained. This is why we're currently experiencing an economic depression. The chart below shows both total consumer, business, and governmental debt - and the federal governmental portion broken-out seperately- relative to U.S. income. See the beginning of the "Reagan debt miracle" (1980) when America discovered it didn't have to pay for anything. See Dick and Jane "Reagan voters" run into the Great Depression. Run Dick, run!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next