Quote:
Originally Posted by SetBuilder
The US is $22 Trillion in debt and running $1T deficits at the tail end of one of the longest economic expansions on record. Cost to service that debt is already $500B+ a year, almost bigger than Medicare and the military. Consumers have more debt today than they did in 2006-7 before the collapse. A lot of it is unsecured debt for things like subprime autos and discretionary items.
Everyone binged on debt while rates were near zero.
Just keep that in mind.
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I read the gloom and doom folks all the time. They always sound persuasive. I'm just saying people who listened to them have missed out on unbelievable growth. I can't believe Stansberry and his ilk have a single paying client left with his track record.
__________________
Four phrases I nave coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 08-20-2018 at 10:05 PM.
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08-20-2018, 10:04 PM
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