Ireland pays $2,400 per person per year to service its debt, or $9,600 per year for a family of four. Not far behind, Greece pays about $7,600 per family of four to service its debt. That amounts to 41% of the average household income in Ireland and Greece
For those looking for an elegantly simple explanation of the modern credit economy and why it has cycles, I strongly recommend watching the following video from Ray Dalio. The video […]
Who is paying the most to be in the EU and how much does it cost per person?
Between 2007 and 2015 rent increased 4.1% while incomes only increased 2.6%.
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Submitted by Taps Coogan on the 9th of March 2017 to The Sounding Line. “Entitlement spending has increased from 9% of government revenues in 1952 to a whopping 73% in […]
Submitted by Taps Coogan on the 8th of March 2017 to The Sounding Line “5% of patients account for over 50% of all healthcare costs” Republican lawmakers in the House […]
The following interview is with author, essayist, and risk analyst Nassim Taleb. Taleb is known for several best selling books including: Fooled by Randomness, The Black Swan, and most recently Antifragile. […]
Fueled by decreasing interest rates and inflation, the current bond bull market has lasted over 35 years. Yet since Trump’s election in November 2016, interest rates and inflation have risen […]
Here at The Sounding Line we have been documenting the declining financial well-being of average Americans for some time (most recently here). To further drive the point home, we present […]