Thursday, May 7, 2009

Consumer Debt in America

I read a great article on today:

http://seekingalpha.com/article/136023-do-you-believe-borrowing-leads-to-prosperity-part-1

I completely agree with this guy. He makes fabulous use of charts and graphs to make his point. What he is talking about is the primary reason I believe this recession isn't even close to being over. Most of our country is obsessed with creating the illusion of wealth. (fueled by leverage)

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