Sometimes I picture in my mind a huge, stinking mountain of debt, which represents all of the debt in the world. The debt mountain is usually growing, but because of defaults, fissures and sinkholes often appear; so even as it is expanding, parts of it are collapsing. Insiders know which parts of the mountain are safe and solid, but small investors are often plunged into one of the many bottomless pits that pockmark the surface of the rotten debt mountain.
Guest Post: Our Huge, Stinking Mountain of Debt: Student Loans | Zero Hedge
No comments:
Post a Comment