Thursday, July 12, 2012

Scariest Graph I Have Seen in Quite Some Time

Last week, the Commerce Department released the initial Gross Domestic Product (GDP) number for the U.S. in the first quarter of 2012. It was up 2.2%, which is lower than expectations, but not too shabby. However, I saw this graph courtesy of Zero Hedge, and it put it in perspective. The government borrowed $2.52 for [...]

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