forgot password?   register

#housing #investing #politics more»
735,751 comments in 75,686 posts by 10,904 registered users, 7 online now: CBOEtrader, CL, Dan8267, FP, freespeechforever, iwog, NuttBoxer

new post

Americans are increasingly foolish with debt

By golfplan18   2013 May 1, 11:47pm   677 views   2 comments   watch (1)   quote

After 30 years of falling interest rates, Americans have become addicted to cheap credit and personal Ponzi schemes. People have learned they can take on large debts, consolidate them at lower and lower interest rates, and service that debt with a portion of their income. It’s a bit like learning to live with a lamprey slowly sucking your financial juices. Often it’s not enough to kill, so it’s a parasite people learn to live with. Oftentimes when people get in trouble with debt, they stop using it. As Jesus would say, “sin no more.” Through falling interest rates, loan consolidations,...


Comments 1-2 of 2     Last »

1   everything     2013 May 2, 1:07am  ↑ like (1)   ↓ dislike   quote    

Yeah, but lol, just look at the government, they are just following suit.

2   ttsmyf     2013 May 2, 1:40am  ↑ like   ↓ dislike   quote    

Look at the last chart here
Collectively, we have been/are severely DRUNK.

Comments 1-2 of 2     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home