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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: koan who wrote (95764)3/26/2009 12:40:35 PM
From: Elroy Jetson3 Recommendations  Read Replies (1) of 116555
 
What better way can we ensure a strong Middle Class than by lending them so much money on home mortgages, credit cards debt, and leased cars, that they are unable to repay their obligations?

This will keep them stable and working well into their 90s.

Of course we could have an economic deleveraging, but that would be unkind, making the Middle Class unproductive as they might retire prematurely.
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