THE AMAZING GROWING DEBT
An incredible thing has happened as the world crawls out of the biggest debt bubble in the history of man – we’ve accumulated more debt. The U.S. federal debt as a % of GDP is expected to reach over 80% by 2019 according to the Congressional Budget Office. And investors wonder why U.S. Treasury bonds are falling like a rock in water. With tax revenues plummeting and a printing press that just won’t quit, it’s unlikely that the long-term trend in U.S. denominated paper will be on the upswing….
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More on this topic (What's this?)Debt Free: Why You Should Get Out of Debt ASAP (Learn Mining News, 7/3/10)The Current Debt Crisis: Have We Really Reached the Point of No Return? (Investment U, 6/16/10)Great Interview: Kyle Bass on the Sovereign Debt Crisis (Expected Returns, 8/17/10)Steve Keen’s Scary Minsky Model (naked capitalism, 7/4/10)



