A Comprehensive Breakdown of America’s Economic House of Cards

We’ve masked the problem of deteriorating demand by flooding consumers with debt but all we’ve done is to cannibalize future consumption while burying and already struggling consumer in debt. Compounding this problem over the next 30 years is an increasingly difficult demographic landscape in the US with the baby boomers moving from net payers to net payees........Where does this leave us? Well in a very bad spot.....
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