China (They built an entire city that is unoccupied, they also built the worlds largest mall which is 99% unoccupied).
The National Debt
Various State debts like California's
And the largest of them all, the oil bubble. Hopefully that one doesn't pop anytime soon.Is the National Debt the next bubble to pop?
The Debt isn't a bubble.Is the National Debt the next bubble to pop?
There is too a debt bubble, it's called the bond or the credit bubble. Yes, it could happen, especially with cities and states which can't print money. Countries in the EU also can't print their own money do countries such as Greece, Italy and Portugal (known as the PIG states because they are on the verge of monetary collapse) so they can technically default. If a country can print money, then it can print it's way out of debt, which would cause massive inflation like it did to many Latin American countries.Is the National Debt the next bubble to pop?
The national debt pops everytime it is raised.
No comments:
Post a Comment