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Debt Outstanding, GDP and Income: Who Are They Fooling?

Credit is the lifeblood of all modern monetary systems. But debt, when it becomes excessive, chokes off growth and ultimately, if pressed too far, caused a deflationary collapse. Tickerguy goes into the debt and its composition, along with debt-to-GDP ratios, and asks: How can we avoid what appears to be a certain "second leg" downward - way downward? See the linked ticker at http://market-ticker.org/archives/1427-Weekend-Stupidity-Roundup-Debt-On-Parade.html

Tags: Bove, Debt, Economics, GDP, Market Ticker, Markets, Stocks
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