Business:Investing
Credit card debt: America’s national addiction. Habits have not changed in fifteen years. Investors having their heads handed to them for the third time in fifteen years. They have probably learned their lesson this time. The market will probably not make new highs again in the lifetimes of most of us. The devastation is set to be massive and terminal. Yet most people still refuse to acknowledge what is taking place. The world economy is trapped in a death spiral. The plunge in restaurant activity. Existing home sales. Truck orders collapse.
An ancient-and-modern story about debt. Suicides soaring, as predicted here. Why do we still need retail banking? How World War III may come about.
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