tag:blogger.com,1999:blog-3255177454234597104.post6684247171016113566..comments2024-03-09T10:14:17.702+00:00Comments on 40pluscareerguru: Carillion reveals the real threat to jobs - debtNeil Patrickhttp://www.blogger.com/profile/15453744260747911733noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3255177454234597104.post-76888839430015034252018-01-23T21:35:04.185+00:002018-01-23T21:35:04.185+00:005x is extremely optimistic in my view David. My ca...5x is extremely optimistic in my view David. My calculations are that it is closer to 14x. Modest debt okay in any situation where it is secured against assets and/or incomes which are rising more rapidly than the debt. The trouble is this hasn't been the case for a very long time on most domestic, corporate and government P&Ls...Neil Patrickhttps://www.blogger.com/profile/15453744260747911733noreply@blogger.comtag:blogger.com,1999:blog-3255177454234597104.post-5096240981589175182018-01-22T21:44:55.795+00:002018-01-22T21:44:55.795+00:00I saw two scary charts on two different sites.
On...I saw two scary charts on two different sites.<br /><br />One was the total amount of money (wealth) in the world. The second was the total amount of debt in the world. The second was - IIRC - 5X (or more) than the first. Thus confirming my long-standing view that there is, thanks to QE and other fiat-money tricks, quite literally not enough wealth in the world to pay all the debts that are owed.<br /><br />I asked my financial advisor what he's buying. "Canned goods, guns, and ammo."Anonymousnoreply@blogger.com