Debt, Debt, Debt….But Darn, the GDP is Up!

Friday, October 31, 2003
Posted in category Uncategorized
Comments Off

The National Post:

In honour of Halloween then, and the most ghoulish time of the year for stock markets, herewith is a house of horrors rundown.

Credit card debt, mortgage debt, bulging lines of credit, state debt, a staggering federal deficit. The main worries for those who don’t quite believe everything is coming up roses for the U.S. economy can all be traced back to debt.

Sure credit is cheap and the surge in house prices means all that debt is being supported by an equally impressive rise in equity but yikes the numbers are scary.

Be Sociable, Share!
Both comments and pings are currently closed.