March 7, 2009
Scary Chart

Basically, most of our economic growth from the past 20 years was a temporary illusion based on consumer spending fueled by borrowing. And look at the last time the ratio was this high — 1929!

Scary Chart Basically, most of our economic growth from the past 20 years was a temporary illusion based on consumer spending fueled by borrowing. And look at the last time the ratio was this high — 1929!

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