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There's been huge amounts of inflationary money printing. The macro market indicators are all showing that the amount of leverage, borrowing, debt, all factors
by weard_beard 4y ago
There's been huge amounts of inflationary money printing. The macro market indicators are all showing that the amount of leverage, borrowing, debt, all factors point to an imminent crash. What's keeping major players from collapsing is more borrowing, creative accounting, innovative means of hiding debt, and an artificial stay on margin requirements and bills due.
In, "home economic" terms, the mortgage is long overdue, behind on car payments, cell phone bills, and we're eating on credit cards. We're using our student loans to make minimum payments to keep the bill collectors happy for now, we're working on a debt consolidation loan with the bank at a reasonable rate, but it might not come soon enough. We're clearly on a knife's edge, and we don't know if things will work out. What's very clear is that this is not sustainable.