The consumers can’t really go back to borrowing, can they? Nope. Not without digging themselves deeper in the hole…or actually earning more money.
April 6th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "manufacturing sector"
Fortunately Private Debt is Not Inheritable
When you were born 20-some years ago, the nation’s total debt per person was less than $90,000 – adjusted to ’09 dollars, of course. While that was a lot of money, it was nothing compared to what was coming.
June 1st, 2009 | Bill Bonner | 7 comments | Continued
