I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
You know where it is all headed?Less Than Zero
The day I discovered "total debt" returned a chart on FRED was a scary day indeed.FY11 closed at $14.7T. Assuming $1T/yr deficits for the next 5 years will put us at $20T by late 2016.$20T x 5% is . . . $1T.Mamma mia!
Mr Slippery & Troy,Saved by Zero!!Loaded with dangerMaybe I’ll winSaved by ZeroIt's The Fixx!(I'm also selling oceanfront property in Kansas if anyone is interested. ;))
You know where it is all headed?
ReplyDeleteLess Than Zero
The day I discovered "total debt" returned a chart on FRED was a scary day indeed.
ReplyDeleteFY11 closed at $14.7T. Assuming $1T/yr deficits for the next 5 years will put us at $20T by late 2016.
$20T x 5% is . . . $1T.
Mamma mia!
Mr Slippery & Troy,
ReplyDeleteSaved by Zero!!
Loaded with danger
Maybe I’ll win
Saved by Zero
It's The Fixx!
(I'm also selling oceanfront property in Kansas if anyone is interested. ;))