I don’t get it. What is wrong with these idiots? Debt is easy to avoid. Herewith some blinding wisdom: If you can’t pay for it, don’t buy it. You saw it here first, a percipient contribution to economic theory. Works like a charm, too. Or how about this? Don’t buy more house than you can live in. Move over, Keynes, Ricardo, here I come.
Another story is about how banks are all unhappy because they’ve got bad loans. A probing question if I may (characteristic of this column): Who made the bad loans? Permit me another searing insight. If you lend money to people who can’t pay it back, they won’t. I know, I know, a difficult concept. Not something a Wall Street banker would know.
Fred scans the headlines and is getting depressed - really depressed.
No comments:
Post a Comment