Private debt is fine, in fact it's down almost 20% since before the '08 crash while private assets are up a few % (after adusting for inflation and population). The problem is government debt that soaring out of control.
Posted on 06/01/2016 4:16:13 AM PDT by expat_panama
We are in a buy it NOW before the price goes up or you can’t get it mode.
Private debt is fine, in fact it's down almost 20% since before the '08 crash while private assets are up a few % (after adusting for inflation and population). The problem is government debt that soaring out of control.
it’s all going on plastic.
Speak for yourselves guys, the average Ameircan's been paying off debts and piling up assets. Of course gov't debt's a different story (see post # 42).
Real inflation?
the phony Government figure
OK, you don't like gov't stats and I don't like either Mr. Shadow or Mr. Chapwood. We can either do our own index right here or we can recalculate in oz. of either gold or silver. If you pick gold then we all got to agree that average personal spending (in oz. of gold) has doubled since 2011.
Well, seeing that the government did not, and does not, switch out hamburger for steak you’d best stick with Chapwood.
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