Friday, November 25, 2011

Happy Black Friday

A large portion of the global economy since the late 1960's has been built on foreign countries producing goods for Americans to purchase.  Over time those purchases have been financed more and more heavily with debt provided by.....foreign countries reinvesting their trade surplus back into America.  Historians will look back at the time as an economic model based on lunacy.  With 30% of mortgage holders no longer making payments on their mortgage and living payment free it has created a temporary surge (or last gasp) of buying and borrowing power. The following video sums up the insatiable buying hunger of the American consumer in 38 seconds.....