I MUST admit I am an avid follower of Twitter under the handle @happypankaj – it’s a handle I created to depict my emotions on the market, i.e. to be happy when markets are up, for a simple reason that I will be making money, and to also be happy when markets are down for another simple reason i.e. I will be able to buy stocks cheaper than they were before.
In one of my twitter feeds recently was an article titled “US Household Debt is in a Bubble – Part 2” that I came across and was written by Jesse Colombo, an economic analyst and Forbes columnist, who posted the article in realinvestmentadvice.com blog. Jesse, in his article published on July 25, highlighted few undeniable facts and his main concern was the repercussions if the current financial markets were to reverse course.