Debt 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
By: George Leong
Posted: June 20, 2013, 8:11 am
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....