By Michael
What is going to happen when the greatest economic bubble in the history of the world pops? The mainstream media
never talks about that. They are much too busy covering the latest
dogfights in Washington and what Justin Bieber has been up to. And most
Americans seem to think that if the Dow keeps setting new all-time
highs that everything must be okay. Sadly, that is not the case at
all. Right now, the U.S. economy is exhibiting all of the classic
symptoms of a bubble economy. You can see this when you step back and
take a longer-term view of things. Over the past decade, we have added more than 10 trillion dollars
to the national debt. But most Americans have shown very little
concern as the balance on our national credit card has soared from 6
trillion dollars to nearly 17 trillion dollars.
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Showing posts with label economic fundamentals. Show all posts
Showing posts with label economic fundamentals. Show all posts
Saturday, May 25, 2013
America’s Bubble Economy Is Going To Become An Economic Black Hole
Etichette:
bubble,
credit card,
Debt,
derivatives,
economic bubble,
economic fundamentals,
economy,
Japan,
margin debt,
national credit card,
national debt,
stocks,
the dow,
U.S. economy
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