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Liberty News ForumLNF Forums HereEconomics, Financial News › - are we in a debt bubble? - private or government debt?
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- are we in a debt bubble? - private or government debt?
Apr 2nd, 2016 at 5:56pm
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- are we in a debt bubble?
- private or government debt?
- if or when will it burst?
- what will be the result?
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #1 - Apr 2nd, 2016 at 6:10pm
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admin wrote on Apr 2nd, 2016 at 5:56pm:
- are we in a debt bubble?

We're in a bubble.

Though related, we could probably distinguish between the debt and monetary policy being major factors in the bubble.

admin wrote on Apr 2nd, 2016 at 5:56pm:
- private or government debt?

Household debt is too high, but it still isn't as high as in 2008.

It has been rising pretty steadily, however.

Government debt is higher than ever before, obviously.

admin wrote on Apr 2nd, 2016 at 5:56pm:
- if or when will it burst?

Of course it will. As to when? C'mon. Too many variables to predict.

admin wrote on Apr 2nd, 2016 at 5:56pm:
- what will be the result?

A recession.
  

BowHunter wrote on Feb 3rd, 2017 at 5:08pm:
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Re: - are we in a debt bubble? - private or government debt?
Reply #2 - Apr 2nd, 2016 at 6:17pm
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I should add that corporate debt is spiking as well.

http://www.bloomberg.com/news/articles/2016-01-28/some-29-trillion-later-the-cor...

It's a higher debt-to-earnings ratio now than before the 2007/2008 recession.
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #3 - Apr 2nd, 2016 at 8:24pm
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Rabbit_Reborn wrote on Apr 2nd, 2016 at 6:17pm:
I should add that corporate debt is spiking as well.

http://www.bloomberg.com/news/articles/2016-01-28/some-29-trillion-later-the-cor...

It's a higher debt-to-earnings ratio now than before the 2007/2008 recession.

- good article
- from the article is "Credit-rating downgrades account for the biggest chunk of ratings actions since 2009; corporate leverage is at a 12-year high; and perhaps most worrisome, growing numbers of companies -- one third globally -- are failing to generate high enough returns on investments to cover their cost of funding. "
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #4 - Apr 2nd, 2016 at 10:59pm
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admin wrote on Apr 2nd, 2016 at 5:56pm:
- are we in a debt bubble?
- private or government debt?
- if or when will it burst?
- what will be the result?


We aren't in a debt bubble. We are in a debt abyss.

https://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-househ...

Type of Debt--------Household--------Total US

Credit cards--------$15,762--------$733 billion
Mortgages--------$168,614--------$8.25 trillion
Auto loans--------$27,141--------$1.06 trillion
Student loans--------$48,172--------$1.23 trillion
Any type of debt--------$130,922--------$12.12 trillion

But then, replacing workers' wages with debt
was a key component in the supply side swipe,
as was the repeal of the laws and a relaxing of
the regulations which protected Main Street
from Wall Street and the corporatist cannibals.

How you liking it so far?

  

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Re: - are we in a debt bubble? - private or government debt?
Reply #5 - Apr 2nd, 2016 at 11:06pm
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b@m@ FvcktrvmP be@u wrote on Apr 2nd, 2016 at 10:59pm:
We aren't in a debt bubble. We are in a debt abyss.

https://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-househ...

Type of Debt--------Household--------Total US

Credit cards--------$15,762--------$733 billion
Mortgages--------$168,614--------$8.25 trillion
Auto loans--------$27,141--------$1.06 trillion
Student loans--------$48,172--------$1.23 trillion
Any type of debt--------$130,922--------$12.12 trillion

But then, replacing workers' wages with debt
was a key component in the supply side swipe,
as was the repeal of the laws and a relaxing of
the regulations which protected Main Street
from Wall Street and the corporatist cannibals.

How you liking it so far?


Why wouldn't debt climb when borrowing is so (artificially) cheap?



When did the debt cross $1 trillion?

End of 1981.

After 205 years of existence, the country's government accumulated $1 trillion in debt.

Now it's $19.2 trillion.
  

BowHunter wrote on Feb 3rd, 2017 at 5:08pm:
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Re: - are we in a debt bubble? - private or government debt?
Reply #6 - Apr 2nd, 2016 at 11:36pm
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Rabbit_Reborn wrote on Apr 2nd, 2016 at 11:06pm:
Why wouldn't debt climb when borrowing is so (artificially) cheap?

https://upload.wikimedia.org/wikipedia/commons/thumb/3/31/Federal_Funds_Rate_195...

When did the debt cross $1 trillion?

End of 1981.

After 205 years of existence, the country's government accumulated $1 trillion in debt.

Now it's $19.2 trillion.


Workers are paid as much with debt, largely personal,
but some gov'tal (via some sort of subsidy or assistance)
as with wages, so that corporations do not have to reward
productivity or share the money which is being "created" and
given to the investment class which is doing nothing to earn it.

The debt is being distributed downward
while the money is being hoarded at the top.
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #7 - Apr 3rd, 2016 at 1:25am
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b@m@ FvcktrvmP be@u wrote on Apr 2nd, 2016 at 11:36pm:
Workers are paid as much with debt, largely personal,
but some gov'tal (via some sort of subsidy or assistance)
as with wages, so that corporations do not have to reward
productivity or share the money which is being "created" and
given to the investment class which is doing nothing to earn it.

The debt is being distributed downward
while the money is being hoarded at the top.


You and your alter ego, Billy, have already demonstrated that you don't understand wtf is going on.  Please just stay out of it and not vote for anything.
  

Brilliance on display:

Wadsworth wrote Today at 4:39pm:
"Shut up sock puppet, you make absolutely not damn since."
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Re: - are we in a debt bubble? - private or government debt?
Reply #8 - Apr 3rd, 2016 at 9:09am
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b@m@ FvcktrvmP be@u wrote on Apr 2nd, 2016 at 11:36pm:
Workers are paid as much with debt, largely personal,
but some gov'tal (via some sort of subsidy or assistance)
as with wages, so that corporations do not have to reward
productivity


Could you detail out how I, for instance, am being paid with personal debt?

  

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b@m@ FvcktrvmP be@u
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Re: - are we in a debt bubble? - private or government debt?
Reply #9 - Apr 3rd, 2016 at 9:31am
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Rabbit_Reborn wrote on Apr 3rd, 2016 at 9:09am:
Could you detail out how I, for instance, am being paid with personal debt?



Of course not. I know little or nothing about your personal situation.
I'm not discussing personal anecdotes. I am discussing general trends
and govt'al policies. Since worker's wages became stagnant and
were then largely uncoupled from productivity (mid to late 1970's
until this very day), an increase in debt has been used to trap consumers
in what used to be a consumer economy and to instead make them
debtors in what Baby Bush called an "ownership society". We both know
that Bush JR. didn't have a clue about anything, but he represented
people who fleeced Americans often using debt as a weapon. Credit card
debt became a trap, as did inflated home prices and sub-prime loans,
college loans for dubious for-profit institutions of higher learning,
loans by automobile makers posing as credit companies or banks
who were lowering the wages and lessening the benefits of their workers
while raising the prices of their product and offering six and seven
year loans on cars that wouldn't last that long . . . the list goes on and on.
Meanwhile, the so-called investment class is continuing to fund or back
the debt they create (and call wealth) with somebody else's money,
too often generated and handed down to them at little or no interest
from the Fed, while pursuing and receiving favorable subsidies and other
legislative and tax benefits, as well as relaxed or non-existent regulation.

Surely you are aware of this.
  

Viva Sally Yates, the new Crispus Attucks!!!
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