Tuesday, May 28, 2013

28/5/2013: US Gen-Xers are Screwed... but Not as Much as the Irish Ones

Here is what the brain-dead Irish political and business 'elites' should read every time they talk about negative equity not being a big problem 'until you move house' & debt being sustainable 'until you can't repay loans'. The wealth destruction wrecked on Irish mid-generation families is so much more comprehensive than that for the US Generation-X households, and the debt levels loaded onto the shoulders of Irish households (private and public) are that much more extensive than those for the US Gen-Xers, and yet,

  • Irish politicians are incapable of comprehending the effects of wealth destruction and are solely obsessed with public finances; while
  • Irish business elites are mumbling left-right-and-centre about the need to 'free' people from their savings to 'get economy going again'.

Read this, morons:

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