Quote:
Originally Posted by The Yen Man
Does that account for mortgages and other loans that are backed by assets? If so, then that's just another misleading stat meant to entice panic.
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That's the same grifter who was claiming that "real inflation" has been 5-10 percentage points higher than reported every year for the last 40 years (seemingly without realizing that that would mean prices back then would be 1/50th of what they are now), so I wouldn't take anything he says seriously.