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Old 07.11.2015, 12:54
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The looming wall of debt.

An interesting article. Thoughts/comments?

http://www.project-syndicate.org/com...wright-2015-11
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Old 07.11.2015, 14:34
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Re: The looming wall of debt.

Not being a person who is or ever has been in debt I've never really bothered to think about all these trillions we hear so much about.


But there is one thing that intrigues me - to whom do 'we' owe so much?


And where do 'they' get the money from to lend it to 'us'?
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Old 07.11.2015, 15:47
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Re: The looming wall of debt.

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And where do 'they' get the money from to lend it to 'us'?
Pension funds and the float in insurance companies would be two of the few that would impact you, even if you have not personal debt. As they both hold various types of bonds and institutional debt.
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Old 07.11.2015, 16:14
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Re: The looming wall of debt.

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Pension funds and the float in insurance companies would be two of the few that would impact you, even if you have not personal debt. As they both hold various types of bonds and institutional debt.

So how can they make (billions of) profits every year?
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