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Mortgage Broker News | 11 Sep 2015, 10:50 AM Agree 0
Debt to income breaks record
  • John Martin | 11 Sep 2015, 12:52 PM Agree 0
    Dept going up. What's new! Absolutely nothing. Let me give you the future news and that is, it's going to get even way much higher.

    The economy not just here but globally is about to cave in. The wealth factor is hugely all one sided now. To few people with way to much wealth and the other side of the coin that being the masses of other people have very little. One answer is become a politician and you will be set for life and never have to worry about money ever in your life time. There is one option for all to consider. That to is reality.
  • Silver Bull | 12 Sep 2015, 01:24 PM Agree 0
    Agreed John, the reset is coming...inflation is crazily underestimated (2.1% approx.). I don't know where they get 2.1% when 30% of the equation is housing. My house 'went up' by 35% in the last year and my grocery bill has gone up at least that...not to mention if a person went to a dinner and a movie, maybe that's why the debt is going up because people have to take out a loan to go out for dinner and movie.

    I wish people understood what effect lowering interest rates had on their purchasing power. Hopefully people will wake up and smell the coffee soon!
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