Quote:
Originally Posted by GundamFan0083
Yeah, the amount of debt the average American is carrying is somewhat troublesome only if they cannot maintain it (make their payments to their debtors).
So long as jobs are paying well and these people manage their debt responsibly, it isn't that big of an issue.
It's when inflation goes too high too fast and people can't keep up with their payments that debt starts becoming an issue I would think.
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http://forums.animesuki.com/showthre...65#post4536565 <-- Bill Gross (from PIMCO) on current credit expansion "Supernova"