i fully believe it was unintentional....but it looked to me like he was going for a pass......newman blocked him, he looked to try to go high, couldn't, then contact, then crash
i think that it's gonna be reviewed and something is gonna be done to the 12 though
Did you actually read the entire article? Apparently not. Here are a few other points in the article:
....." Historically, in the United States and around the world, household debt has been at its highest when the unemployment rate has been at its lowest. But that doesn’t mean the credit card debt itself is good news. It’s time for a history, economics, and psychology lesson. The high levels of consumer debt show that there may be trouble ahead.
This doesn’t mean that credit card debt isn’t a serious problem for American families: it absolutely is! In 2006 and 2007, like now, the unemployment rate was low and fairly steady, hovering at or below 5%. But consumers weren’t using their paychecks to pay off their debt — and the strength of the economy meant that lenders felt comfortable taking greater risks,
That helps to explain why high levels of debt occur at the same time as low unemployment. But these researchers also found that the high levels of debt eventually forced economies to contract, because payments became too hard for borrowers to manage.
the higher levels of lending and borrowing make both banks and families feel wealthier than they truly are. “With credit plentiful, borrowers typically spend more than is sustainable, giving them the appearance of being prosperous. In turn, lenders who are enjoying the good times are more complacent than they should be. But debts can’t continue to rise faster than the money and income that is necessary to service them forever,” writes Dalio.
When the amount of debt in the economy starts to exceed what families can realistically repay, everybody suffers.
Put simply: the high level of debt in the economy doesn’t mean we’ve hit “rock bottom.” It actually means we’re reaching the peak: the high level of debt means that things can only go downhill from here.
That’s occasionally true, but when you look across the economy as a whole, we usually see the exact opposite phenomenon: families get into high-interest credit card debt as the economy grows, and then have to struggle to pay it back at the exact same time that the job market is tightening. "
So, @JackDaWack, please share with us this economic theory again that "Factually speaking, debt is used as a vector for economic growth for both the public and private sectors..."
You also might want to read the COMPLETE article that you post....., for facts....