June 15, 2014
The Coming “Tsunami of Debt” and Financial Crisis in America
By Dimitri B. Papadimitriou
The Guardian, June 15, 2014
The US Congressional Budget Office is projecting a continued economic recovery. So why look down the road – say, to 2017 – and worry?
Here’s why: because the debt held by American households is rising ominously. And unless our economic policies change, that debt balloon, powered by radical income inequality, is going to become the next bust….
Read the full article here: www.theguardian.com/money/2014/jun/15/us-economy-bubble-debt-financial-crisis-corporations