[Diamons]

Because some believe this country won't last the next 10 years

[ryanmarsh]

If you're 40 you've probably experienced 2 to 3 boom/bust cycles (depending on the industry) as an earner. I think that kind of volatility and hope for the next windfall leads people to believe debt will work itself out. Or as is oft misattributed to Steinbeck: "... in America because the poor see themselves not as an exploited proletariat, but as temporarily embarrassed millionaires."

[Arizhel]

As an engineer, boom/bust cycles like this remind me of system instability with insufficient damping. It doesn't work itself out; the oscillations get larger and larger, and then something breaks. Remember the Tacoma Narrows Bridge?

[notheguyouthink]

On that note, where is safe to put your money i wonder? Is there more and less stable mediums to hold your money?