Quote:
Originally Posted by raab
The problem for the economy right now is that the people under 40 can't build up cash the same way as their parents did. Low interest rates are going to cripple the economy at some point when the house of cards fall. People need real wealth, created by real capital. Not more debt to make a bigger issue down the road.
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you got it.
the amount of equity people have in their homes today (the 50 and under crowd) is pretty insignificant. Too much debt. It's unsustainable.