Posts Tagged ‘CNBC’

CNBC Santelli – Debt Is NOT Income or Wealth – Americans Have It Wrong

Thursday, July 10th, 2014


Remember the last time around when the debt bubble burst with subprime mortgage loans the “debt to income” ratio was nearing 200%, I think we are nearing 165% in parts of North America. Watch out we are close to another debt bubble bursting. This time around it is student loans and sub-prime auto loans.

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