re: #209 thedopefishlives

And interestingly enough, I did some basic research (wow, it’s really not that hard, why don’t more people do this?) I found that household debt in the United States has been falling, and in fact, is one of the top countries in the world as far as a decrease in per-capita household debt since the financial crisis of the Great Recession.

What happens when the bond market busts and interest rates rise dramatically? The interest on the debt will skyrocket to unheard of levels.