Posts Tagged ‘equal’

“The U.S. 10-year bond yield rose to a seven-year high of 3.24% – nearly 2% above its bottom in July 2016.

This 2% increase, imposed on $68 trillion of debt, is equal to an extra $1.3 trillion in interest charges….

To look at it another way, the typical working person who works an average of 33 hours per week earns $26 an hour. His percentage of the total debt is about $500,000.

At today’s interest rate, he will have to work 558 hours – or three and a half weeks (not including taxes) – just to keep up with the interest payments. Clearly, this is impossible…” -Bill Bonner

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Since the beginning of the 21st century, the amount of information instantly available to us has increased a thousandfold. Looking for answers today has become a challenge not of finding, but of sifting through….  And it’s not just information, per se.  It is the rhetoric of the global Internet-connected chat room where smart people with opinions assemble data, then analyze and interpret them for us.  And here’s another thing: Much of this secondary information is so well – and persuasively –presented that it feels like experience.  When secondary information feels like experience, we often accept it as truth… truth that is equal to the truth we know from experience.” -Mark Ford