spend spend spend $$$$$$$ you don't have. They learned nothing..........
via Market Watch
Oh, that’s all, huh? No pressure.”
That’s basically the initial response we got when we asked an assortment of financial and economic types for what they consider to be “the chart of the century” — in other words, the chart that’s been hugely influential to their perspective, and positions.
Ultimately, these students of the markets delivered. Here are their nominees for the most important illustrations of this era.
The gloom-and-doom chart: Ballooning debt
Wolf Richter, the man behind the Wolf Street blog, had no trouble zeroing in on the theme for his pick for “chart of the century”: U.S. debt.
He did have trouble choosing whether the chart should show ballooning student loans, or ballooning government debt. Either way, ballooning’s the key, as he predicts both narratives will continue to raise alarms. When push came to shove, he opted for the government debt chart.
http://www.investmentwatchblog.com/this-could-be-the-most-important-chart-of-the-century-for-investors/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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