What Is Lanny Up To

Debt, debt, and more debt

  • Dr Lanny -
  • Life & life

2/12/2020: Debt, debt, and debt.  The government, corporate and personal debt is higher today than yesterday and will be higher yet tomorrow.

www.forbes.com/sites/niallmccarthy/2019/08/26/us-national-debt-is-growing-rapidly-infographic/#4fdeafb53a9e

www.mckinsey.com/~/media/mckinsey/business%20functions/strategy%20and%20corporate%20finance/our%20insights/rising%20corporate%20debt%20peril%20or%20promise/rising-corporate-debt-peril-or-promise-web-final.ashx

finance.yahoo.com/news/u-household-debt-exceeds-14-160303784.html

Debt is a financial killer.  What ever happened to the ancient proverb that says to owe no one anything but to love them.  The truth that the borrower is the slave of the lender has not gone away.

 

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