slappi, I did nt assume anything, it is the associate professor that tried to infer it is consumer debt. and that 1% fall injected 20billion into the econpmy.
as to the 70% owning homes, that is an abs stat . the 90% having jobs is the asusmption that the associate professor made about unemployment at 10%.
But again rather than dicussing the rights of $100,000 per person and whether debt spent in the right areas is correct, keen inferred is was private debt and the spending bubble resulting.
Keen is just trying to big not himself with numbers to make his 15 minutes of fame sound important.
