Things That Make You Go Hmmm.... Such As The 10 Steps To Realizing You, Or Your Country, Is A Debt Addict

A blast from the "the more things change, the more they stay the same" past courtesy of Grant Williams: "Back in the dog days of October 2008, The Consumerist published a piece on its website called ‘12 Signs You’re Addicted to Debt’. This public-spirited piece was designed to help people recognize an addiction to debt that might topple them over the edge of the abyss in the new, post-Lehman world of fear and desperation. You remember that world, right? Lehman had just collapsed? The world was about to spiral into a nightmare the likes of which hadn’t been seen in a generation? You remember, surely? The ‘GFC’? The ‘Great Recession’? No? But we all said it was a watershed that would change our behaviour for decades to come. We all swore never to forget how close we came; how terrified we all were.... In the interests of brevity, I’ve cut the original twelve signs down to ten, but that should be plenty to ascertain whether the world is addicted to debt (though it may make this introduction may be a little longer than usual). Let’s get started, shall we?..."

More in the full TTMYGH letter below

Hmmm Jun 19 2011


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