FT.com / Exploding debt threatens America
The amount of debt we have is such a large number, it is difficult to comprehend, or even relate to. It is nice to see the markets moving up a bit, but is it founded on anything? If people are losing their jobs, our mortgage debt is still out of control, and the banking industry is leveraged 25 to 1, where is the foundation for an economic recovery going to come from?
Thursday, May 28, 2009
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