4 ms·
A 45 percentage point increase in a year is phenomenally, mind-bogglingly huge.
by neural_thing 6y ago
A 45 percentage point increase in a year is phenomenally, mind-bogglingly huge.
- deleted 6y ago[deleted]
- robjan 6y agoIt's very cheap to borrow money and has been for the last decade. The more you borrow, the more you can capture the economic growth.
- ffggvv 6y agountil you have to refinance the debt because you haven’t paid any of it off and it’s matured and rates are way higher...
- pessimizer 6y agoIf rates are way higher, then that means that money is making money. If you borrowed in order to invest, rather than consume, you should have been making money.
- mywittyname 6y agoIt's a 15% increase overall though. When you consider that the unemployment spiked at the fastest rate ever seen and the entire world fell into a brief, but severe recession (~30% GDP decline in the US), a 15% increase in debt / GDP seems quite mild.