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RE: US Household Debt Now Exceeds Pre-2008 Credit Bubble/Market Crash Levels. By Gregory Mannarino

in #money7 years ago

Debt is absolutely not a good thing and people are enticed into taking more of it on constantly. It seems like in some cases it's to keep up appearances and look good and sometimes it's literally how people survive on a day to day basis. Either way it's a house of cards waiting to collapse and it's not going to end well. Factor in the amount of automation in the workplace killing jobs and the numbers are probably going to look even worse than in 2008. Thanks so much for all the good work, truth and information you're sharing here at @marketreport, I really appreciate it.