Did you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone?
As high yield (junk) bonds blow up, everything else will follow. Please have a read of the article below:
Posts Tagged ‘Debt’
High Yield Debt Tells Us That Just About EVERYTHING Is About To Collapse
Monday, February 15th, 2016How Consumerism Came About – Out of Control
Thursday, April 9th, 2015CNBC Santelli – Debt Is NOT Income or Wealth – Americans Have It Wrong
Thursday, July 10th, 2014true
Credit Cards Aren’t Canadians’ Biggest Debt Problem
Tuesday, December 3rd, 2013
I’ve been watching the situation of Canadian personal debt for a while, and it seems like it is getting bigger and bigger. This latest report shows a 3% increase in personal debt not including mortgages.
What most Canadians are failing to comprehend, is that all it takes for them to hit financial ruin is a loss of a job and a rise in interest rates. Most Canadians should think about trying to reduce their debt as much as possible as the next downturn in the economy is coming between 2014-2017.
