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I have absolutely no idea why you posted this unless you are trying to get a job with CNBC as one of their perma-bulls. The private sector debt of the US is 4 times the GDP and it is no longer being allowed to be rolled over. That much debt is not repayable, it can only be removed by bankruptcy. That much debt will also take a very very long time to clean up and affect everything we care about.
Feb 22 15:07 pm
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All Comments by Fish Gone Bad »Are We Still in a New Bull Market? [View article]
The banking sector got electrocuted on September 15, 2008 and it is just waiting to die. Don't believe me? Here is what Rep. Paul Kanjorski of Pennsylvania had to say: www.marketoracle.co.uk...
To put this date into context, this is when Lehman Brothers went bankrupt.
Clark Jenkins
FishGoneBad.com