Debt Outstanding, GDP and Income: Who Are They Fooling?
Monday, November 23rd, 2009
Credit is the lifeblood of all modern monetary systems. But debt, when it becomes excessive, chokes off growth and ultimately, if pressed too far, caused a deflationary collapse. Tickerguy goes into the debt and its composition, along with debt-to-GDP ratios, and asks: How can we avoid what appears to be a certain “second leg” downward – way downward? See the linked ticker at
http://market-ticker.org/archives/1427-Weekend-Stupidity-Roundup-Debt-On-Parade.html
Duration : 0:6:32