Creating Wealth Real Estate Investing With Jason Hartman

CW 494 – Richard Vague – Private Debt Problems with Author of ‘The Next Economic Disaster, Why It’s Coming & How to Avoid It’

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Sinopse

In the introduction portion of the Creating Wealth show, Jason Hartman answers two voicemail questions left by his listeners. He then introduces Richard Vague as his guest for today's show. Richard Vague is one of the few economists who are currently talking about the problems of massive private debt. He is the author of The Next Economic Disaster and talks to Jason about China's economic problem along with some interesting facts and correlations about the US economy.    Key Takeaways:  8:00 – Jason talks about the 6 ways the government can get out of its mess.  11:20 – Jason answers a listener voicemail question.  18:50 – A listener asks about 3D printing a house. Jason shares his thoughts.  24:30 – Jason introduces Richard Vague to the show.  29:15 – Richard talks about China's debt problem.  35:10 – Private debt growth leads to higher interest rates.  38:15 – Richard gets his stats by looking at all consumer and business debt.  42:30 – A lot of economists don't include private debt in their model.  49:00 –