Posts Tagged ‘week’

“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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Someday

Posted: May 7, 2013 in Thought for the Day
Tags: , ,

“Someday is not a day of the week.” -Author Unknown

“I must have a prodigious quantity of mind; it takes me as much as a week sometimes to make it up.”  ~Mark Twain