Americans’ Credit Card Debt Nears Trillion
Student loan debt in the US is over .3 trillion
Auto Debt in the U.S. Has Surged Past Trillion
Chinese pour 0bn into US real estate
A trillion here a trillion there and soon you are talking real money. Why have energy rich countries been hurt by the decline in crude prices while the US economy surges? Or is it? Living on credit is OK until you have to pay and BTW imagine the interest going into the pockets of banks on all the loans.
Dangerous times ahead…