SI
SI
discoversearch

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.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 92.99+2.9%Nov 7 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PaulM who wrote (4759)12/25/1997 3:10:00 AM
From: Terry Swift  Read Replies (1) of 116753
 
Paul:

I don't think there is any question that debt, both public and private, are at all time highs throughout the world and especially in the US. Personal bankruptcies and home mortgage defaults are at historical highs... and we're in boom times. The next recession will be a very nasty one in terms of debt default. Of course, the Fed is very much aware of this and will do whatever is necessary to keep the debt pyramid from collapsing. It remains to be seen whether it can head the Asian debt problems off at the pass, so to speak, before they affect the US financial system. We shall see.

Terry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News