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Regardless of his spelling abilities, Chuck22b is a pretty smart guy. He may or may not have gone to a top school (he might have, I don't know). If he didn't, he certainly has a world of real life experience to back him up.
Here is why we were rated AAA. Debt to GDP ratio. We are still by far the number 1 largest economy in the world (2nd to the 27 nation European Union).... but... we're hurting and need to rebuild. That Needs to Start at home.
this means nothing when that GDP is largely based on consumer spending and that spending was based on faux wealth (easy credit). People, you are not seeing the big picture. You keep mistaking a few trees for the forest.
Thanks Humboldt1 for taking up my defense... and thanks guys for poking fun of a lapse of spelling .
fyi, I don't have any education debt... and I actually went to one of the most prestigious schools in Chicagoland (albeit not an English major).... and have my masters too.
Anyhow, I agree with Wild Style that GDP based on consumption means nothing. And our GDP may very well erode very quickly causing our debt to GDP ratio to go sky high. Unless our retail/service jobs pay a living wage... we're going to be in a lot of hurt.
Regardless of his spelling abilities, Chuck22b is a pretty smart guy. He may or may not have gone to a top school (he might have, I don't know). If he didn't, he certainly has a world of real life experience to back him up.
AGREED! I bet Chuck is having the biggest laugh of all. Chuck...just so you know, I enjoy reading your posts. If someone took the time to search thru my posts, they could have a field day with all of my spellin gerrors.
Do you even have to watch the clip to know what he's thinking?
New Jersey,
You might actually try listening to some of his stuff. Marc Faber got his PhD in Economics at the age of 24. Very smart guy. Genius.
He publishes the "Gloom, Boom, and Doom" report -- that's how he got the name Dr. Doom.
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