Posts Tagged ‘bought’

“It (Chinese government) even pulled out a few stops we never heard of before.  These include allowing investors to use their homes – many of which are bought with borrowed money – as collateral for margin loans.  Debt on top of debt: That ought to get things moving!” -Bill Bonner

Credit Forever

Posted: May 2, 2014 in Debt
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“A pig bought on credit is forever grunting.” -Proverb