occupied
Diamond Member
- Nov 8, 2011
- 36,705
- 17,198
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The way the American economy works or doesn't work depends heavily on Americans having the faith in their income to take on debt. Consumer debt is the poor substitute we have for wage growth and right now I wouldn't sign a note because the last few years have been far too chaotic. No one is doing a god damned thing reassure the people that another bubble collapse is not eminent and that they will still have a job in six months. No faith in the economy because no one except wage owners got punished for the meltdown.