I watched Fareed's program this morning. Annie Lowrey spoke about the national debt at 125% of GDP and there was nothing to worry about. Annie was born on July 22, 1984. That makes her 37 years old. She proceeded to tell the audience that “with interest rates so low, it will be different this time regarding inflation and our national debt”. Let’s see, Annie was 2 years old when the 86 crash happened, about 14 years old when the saving and loan crash happened in 1990, 16 years old when the Internet Bubble burst in 2000 and 23 years old when the Great Recession started in 2007. I find Annie hardly the voice of experience that the public can count on! Having lived through all of the above crashes, her comments are naïve, at best.
R. David Freeman