Author Topic: Easy Money  (Read 653 times)

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Plane

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Easy Money
« on: August 07, 2007, 06:40:47 AM »
In the years since our equity bubble peaked, trillions of dollars' worth of debt have piled up throughout corporate America. So now, as we enter recession, we will experience not just a weak economy, real-estate market and stock market, but the exacerbating effect of a mountain of bad debt, completing the analogy to Japan of the 1990s.



http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/AmericaFollowsJapansMisguidedPath.aspx

The_Professor

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Re: Easy Money
« Reply #1 on: August 07, 2007, 12:54:12 PM »
Easy to say but where's the evidence to back this up? MSN Money also has a recent article about how the average household does NOT have the amount of debt that is always quoted. Okay, the subprime market is in chaos, but the economy is still strong, unemployment rate is low and no one, no serious economist, is indicating we are going into a recession.

Perhaps we need a Year of the Jubilee if this is indeed true (where I doubt).???
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"Liberalism is a philosophy of consolation for western civilization as it commits suicide."
                                 -- Jerry Pournelle, Ph.D