Posted on 10/17/2005 7:59:53 AM PDT by Travis McGee
Debt can also be repaid from assets. If debt goes up by $10 trillion and assets remain the same, that's bad. If debt goes up by $10 trillion and assets rise by $20 trillion, I think we're in good shape.
If you look at page 110, you'll see that since 2000, household debt rose by $3.745 trillion. Disaster!!! Except that assets rose by $11.89 trillion, to the highest they've ever been. Like I said, debts without assets is kinda useless.
I prefer to buy American.
Gold is gold. Who strikes the coin doesn't matter to me. But she is prettier than Botha.
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