debtor nation
Scary article by the John Ince, documentary film maker of Time Bomb, about America’s debt crisis. The average American’s share of the debt is $27,000 and rising.
A hard landing is foreseen which includes a period of rising interest rates and rising inflation. The effects will be decreasing the purchasing power of people, so people will have less money to spend, because everything will cost more.
European central bank and the Bank of Japan have already raised their interest rates, so the days of foreign investments propping up the US economy are on the wane. When a nation moves from being the biggest lender, to the biggest borrower, it signifies the nations decline.
http://www.alternet.org/story/34529/
A hard landing is foreseen which includes a period of rising interest rates and rising inflation. The effects will be decreasing the purchasing power of people, so people will have less money to spend, because everything will cost more.
European central bank and the Bank of Japan have already raised their interest rates, so the days of foreign investments propping up the US economy are on the wane. When a nation moves from being the biggest lender, to the biggest borrower, it signifies the nations decline.
http://www.alternet.org/story/34529/
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