Politics and Economics

Economic Crisis, Financial Crisis, Debt Crisis? Is USA Inc finished?

You know the old saying – Bulls make money, Bears make money and Pigs get slaughtered. Well, take a look at this graph from the World Bank: It seems like Iceland is Pig number 1. Look at who is number 2! The chart is measuring domestic credit as a % of GDP, or the extent to which the nation as a whole is leveraged. These are 2005 numbers and significantly understate the current numbers, which in the US have been reported as being at 435%. That means for every real $ in circulation there is $4.35 in credit. I’m not

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