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>> EUROPEAN CENTRAL BANK Latest News

AUG 23, 2013 - Zero Hedge

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Guest Post: 1987 Redux

Submitted by Jim Quinn of The Burning Platform blog, Let’s see. Consumers are carrying more debt than they did in 2007. Corporations are carrying more debt than they did in 2007. The Federal government is carrying 60% more debt than it did in 2007. Cities and States are carrying more debt than they did in 2007. Interest rates have jumped by 80% in the last three months. The economy is clearly in recession, as retailer after retailer reports horrific results. Stocks are as overvalued as they were in 1929, 2000, and 2007. China is experiencing a real estate collapse. Japan is ... Read More

Tags: Guest Post: 1987 Redux,  European Central Bank Latest News