The Road to Wealth for Americans By Rick Ballard

The major media love nothing better than peddling pessimism on the economy, as long as a Republican is president. Given what we read, it's amazing that one doesn't trip over the unemployed selling apples on street corners on a daily basis. Now we have fear mongering within the business press clamoring for a "recession soon" (hopefully no later than next quarter, in order to maximize the negative impact on the Republicans prior to the election).

"Banking analyst Richard Bove at boutique brokerage Punk Ziegel points out that debt in the U.S. economy over the past five years has grown at a pace three times faster than income. Nominal gross-domestic-product growth has advanced at 3% while financial debt has grown at a 9.7% clip to $13.8 trillion."

The Road to Wealth for Americans ...

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