Ronald M. Laszewski’s peak debt paper

Ron has kindly let me host his fascinating peak debt paper on my site.

I take a quick look at the paper in my Wise Bread post on Peak Debt:

Is there a limit to how much Americans can spend?  Clearly there is:  All they earn, minus savings and service on their existing debt, plus new borrowing.  Since the Bureau of Economic Analysis puts numbers on those very items, it’s possible to see just how close we are to the edge.  In a fascinating paper, Ron Laszewski does exactly that.  The results are rather depressing.

Whether you read my Wise Bread piece or not, if you can follow the math, I urge you to read Ron’s paper itself: peak-debt-pd-020708.

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