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DEBT

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Uploaded by on Feb 13, 2010

Is Debt Guaranteed? This video shows reasons to why it is, and how on the consumer sector we are climbing the debt chair at greater lengths.

LINK to the data used in the Consumer debt to GDP
http://www.economagic.com/em-cgi/data.exe/var/togdp-householdsectordebt#Data

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Uploader Comments (endlessmountain)

  • You have your label "profit" which should be revenue, because the banks would have some expenses.

  • that is correct on the revenue statement, and of course this is only a small part of their revenues.

    When people do not pay back and we need to throw in an expense called "Bad debts expense" which is part of its complex financial statements.

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  • Hi, Derek, I am setting up like ten new companies here in France, I kid you not, plus three YouTube channels. My spouse's Greek coworker is desperately trying to get French citizenship! I have shared your channel SO MUCH and actually the ads are sometimes useful -- who knew? You have inspired me so much with your wonderful channel. You are really such a nice person.

  • @vention4wh

    Absolutely! Myself, I got into a house with a friend 2 years ago, but sold my half to him in the fall. Now I'm renting off him! The property taxes were killing me. Besides, I couldn't see it holding its value over the next 5 years or so. The Canadian market hasn't come down much at all, but I feel it's still in a bubble. Also I agree with you on that feeling that something has always been wrong. I'm just old enough (mid 30s) that I remember when life made just a little more sense.

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All Comments (49)

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  • are you high? Nothing you're saying makes any sense. What does Bush or Obama have to do with any of this?

  • what does bush have to do with any of this?

  • "Compound interest is the most powerful force in the universe"

    So with the US ever loosing jobs, not only is the debt increasing but GDP is decreasing, yes? "Burning the candle at both ends" to quote my mother

  • We have 3.8% on the mortgage right now.

  • 100% debt to GDP ??

  • 'Debt' 'spreadsheet'

  • Thanks for your time. Putting those charts together had to take so much time.

  • That graph is anything but stable lol humans cant control their emotions

    loved this :) thank you very much.

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