Quote:
Originally Posted by Sooner or later
Why are you being such a dick?
Ii pretty much agree with everything you say except your "we are doomed" take on the situation.
A recession (slowing of the current economy) would be disastrous and could lead ro your worst case belief.
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I realize that you are agreeing pretty much with what I am saying when you say that a recession could be "DIASTEROUS>"
I think your mistake is in thinking that there has been a recovery, and do not realize that the FED is keeping the economic head above water so there will be NO APPEARANCE of a recession until the shyte hits the fan. Then it is over, the Sovereign Debt Bubble will deflate.
The sea of debt creation is what is keeping the Global economic ship afloat.
Now Trump is after NATO to chip in their fair share of their defense costs...which if they did would mean that they have to either raise taxes, divert monies from social programs or create more debt...This of course is going to cause a lot of resistance as the EU allies react in horror to the prospect of an increased demand on their economies.