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Do you really think we will only experience mild recession symptoms after 15 years of debt orgy and trillions and trillions in debt, zirp and bubbles in healthcare, student loan debt, auto loan debt, housing and etc?
When this debt orgy implodes we may actually bring down the entire system with it. Depression is waiting for us and not some kind of recession. We will all meet our God again and learn that debt doesn't bring prosperity, debt is a cancer that kills you at the end.
Yes... because I understand the value associated with those debts. Recessions are normal. Let's not overworry.
......the S&P has gone from 666 to 2130 in 7 years.
Yes, it went up because of debt, because the Fed has stolen trillions of dollars from the public and pumped stock and housing market.
Yea, let's come up with QE4, QE5, QE6, QE7 and go negative on rates so that S&P can double from here. Debt doesn't matter, right. I can't believe how stupid prior generations were. We have finally figured this out. Debt is good, debt will save us.
What will save us is people taking responsibility for their own actions
I think most people understand what you have been saying. If people take care of their own finances and situations, they will most likely be fine. Even the worst depression has a light at the end of the tunnel, eventually everything recovers. It's the people who don't prepare for the future and keep an eye open to the ups and downs of the economy that do poorly. Of course we'll will have another recession, maybe even a depression, at some point, one can be prepared for it or not. I've only lived through one recession, 2008, and it had almost no effect on me. I took a pay cut and reduced hours, instead of getting laid off, but I was hardly effected at all to be honest. I started up a lawn mowing business for some part time income and stopped that a few years back.
REAL CAPITALISTS that are bearish now. They have good reason to be as growth is weak and corporate profitability growth is waning.
Corporate profitability and worker pay were at odds for decades and the gap could only be filled with debt. The post recession economy has been quite good considering the mess that existed. Profits have been high, *and* the last few years have seen a dramatic rise in median household income, until the recent sharp reversal. Impossible to say if this is a trend. But that along with soft profits and continued soft *real* investment are definitely a worrying sign.
A drop in US$ value is really the best "fix" for us, but the international oligarchs do not want that.
Yes, it went up because of debt, because the Fed has stolen trillions of dollars from the public and pumped stock and housing market.
Yea, let's come up with QE4, QE5, QE6, QE7 and go negative on rates so that S&P can double from here. Debt doesn't matter, right. I can't believe how stupid prior generations were. We have finally figured this out. Debt is good, debt will save us.
So you're saying we're no better off than we were in the 1800s :/ I think you might not be thinkng
We've been in an "R" since 2008. It just has lots of lipstick. Lipstick unfamiliar to Americans, but business as usual for places like Italy and Greece. EBT cards and lots of credit, as well as government subsidized businesses up and running (most that should be shuttered) make everything look just peachy. Apparently many are falling for it.
We've been in an "R" since 2008. It just has lots of lipstick. Lipstick unfamiliar to Americans, but business as usual for places like Italy and Greece. EBT cards and lots of credit, as well as government subsidized businesses up and running (most that should be shuttered) make everything look just peachy. Apparently many are falling for it.
We've been in an "R" since 2008. It just has lots of lipstick. Lipstick unfamiliar to Americans.....
We are the most manipulated nation. Our mainstream media is not serving us news or facts. Instead we are pounded with propaganda and lies so no wonder average citizen doesn't know what is going on. Paid TV shills and pundits are brainwashing us 24/7.
So called "recovery" since 2008 is an illusion, one big fat lie. The Fed is spending our future earnings, to cushion the present.
My mother was very much like a lot of the people here. Always waiting for something bad to happen. If something good did come her way, she was 100% sure that gloom and doom was close behind. If someone did something nice for her, she was sure that they had an evil ulterior motive. The only time she seemed truly happy was when things were going bad for her or others; she would get to say "See, I told you so"! I guess it is just a strange quirk of human nature in some people.
My sister and I always swore that we were adopted.
" Waiting for the Other Shoe to Drop" syndrome.
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