from Billboard

Duff McKagan Restarts Loaded, Says U.S. Economy ‘Will Recover’

Duff McKagan’s rocking again with Loaded.

April 03, 2009 10:33 AM ET

Gary Graff, Detroit

Duff McKagan wants to be of service with more than his music these days.

 

The Guns N’ Roses and Velvet Revolver bassist, who’s now back to fronting his other band, Duff McKagan’s Loaded, is also busy these days writing a weekly financial column Duffnomics, for Playboy.com. He’s qualified — McKagan holds a finance degree from Seattle University — and McKagan tells Billboard.com that he wants to take economics and finances “back to basics” to help his readers understand what’s going on in this current state of crisis.

“If you’re like me, you get kind of sick watching guys talk about market-to-market and aggregates and…’What the hell did you say to me?’,” McKagan explains. “I actually know what they’re saying, but I know that 99 percent of us don’t. We’re getting all this information, and people don’t really understand what happened to our economy, why it failed, what the credit crunch actually meant, what predatory lending practices were.”

McKagan — who predicts that the U.S. economy “will recover” in time — says he’s using reader feedback to help him determine what to write about. “People ask me, ‘Is now a good time to buy a house?’ so, OK, I’ll write about that. Or I’ll get an email, ‘Hey Duff, can you tell us about’ this or that, then I’ll write about those things.

 

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