The $19 trillion red flag: Americans have a debt problem

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A new report could signal a big economic downturn is on the horizon.

Source: Loan Digest (loandigest.net)

 

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jonathanspicer Andy_Sayad 1st debt peak occurred in oil price shock year 2008. QE1-QE3 money printing was the response. It financed the US shale oil boom but oil prices remained high and killed demand. That and shale oil overproduction brought prices down. Is $60 oil too high?

It’s okay people. Donald Trump has got it covered. He just advised he got an email from a Nigerian prince willing to send him a few trillion as soon as he forwards banking details.

SMH is generous, what happen to the other 3 trillion? 22 trillion may be more.....

And we're surprised because?

Too much wars and military adventures world wide . If this was spent on infrastructure,schools,hospitals etc massive dividends.

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