[sickoflibs]

RE “And one year from today, I want one freeper who believes this crap today, to admit he was wrong when it happens as I predict and not as this article does.”

How about 2-3 years out? You see that debt curve in reply #9 ? Remember all the rosy talk in 2004-2006 about the great economic growth?? Didnt work out too well did it? This time the debt is much bigger.

[JasonC]

Debt rises 7.5% a year just like the assets line. I know the entire Z.1 data set cold, you can't scare me with the last term of an exponential being larger than the earlier terms. Who do you think owns those debts, the tooth fairy? All assets are owned and are owned exactly once, debt is not a sign of negative net worth but merely one way in which asset positions are financed, because and to the extent that owners of capital prefer that form.

Yes, I'll take the same claim 2-3 years out. Will you admit it when you are wrong? That is the only question here. I'm not holding my breath. Doom mongers never do admit it when the sun comes up in the morning. They always screech louder and say doom is just around the next corner. Always. And they are always wrong. Always.