Detroit the Start of the U.S. Death Spiral of Debt?

    Investment Contrarians
    By Investment Contrarians

    Detroit the Start of the U.S. Death Spiral of DebtDebt is deadly, and it’s made even worse with rising interest rates that prevent you from eliminating the debt load. What happens with rising interest rates is that payments mostly go toward the interest and less to the principal. In ... Read More

    This article Detroit the Start of the U.S. Death Spiral of Debt? originally published at Investment Contrarians by George Leong




    Original: http://www.investmentcontrarians.com/recession/detroit-the-start-of-the-u-s-death-spiral-of-debt/2401/
    By: George Leong
    Posted: June 20, 2013, 8:11 am

    Investment Contrarians

    Investment Contrarians

    Investment Contrarians provides independent and unbiased research. We are independent analysts that love to research and comment on the economy and the stock market.
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    We believe the stock market and the economy have been propped up since 2009 by artificially low interest rates, never-ending government borrowing and an unprecedented expansion of our money supply....