Never got out of the 2008 recession? (currency, economy, crisis, value)

[mysticaltyger]

Originally Posted by EDS_

1. No maybe to it.

2. How does increased government debt and increased money supply overwhelm consumer and business debt?

There is no broad lack of liquidity ergo the .gov's borrowing isn't crowding out those in the private sector.

Interest on federal debt as a percentage of GDP is way down vs. the span from '85-'95.

Everyone here knows The Fed. creates money by keystroke.

Your info. may have been easy to find. I don't believe in it means what you think it means.

OK, if you think endless government debt and money printing are no problem, go right ahead believing that. Nothing I say is going to change your mind.

[moguldreamer]

Originally Posted by StealthRabbit

USA actually 'rocketed' out of 2008 economic crisis, about as fast as we had collapsed.

The recovery from the 2008 recession was much slower than from other recessions.

[Grlzrl]

Originally Posted by mysticaltyger

My balance sheet certainly has gone up substantially since 2008.

I still think the economic growth we've had is all or mostly a hoax.

Sure, the GDP grew, mostly because of debt and money printing, which is not sustainable in the long run. No one knows where the tipping point will be until after it is reached.

Your balance sheet may have gone up but your purchasing power has taken a hit in the last two years.

[mysticaltyger]

Originally Posted by Grlzrl

Your balance sheet may have gone up but your purchasing power has taken a hit in the last two years.

Yes, it has.

But tracking back to 2008, I certainly have more in inflation adjusted terms than I did then, and that was the time period I was referring to in my previous response to mathjak.

[Bubble99]

Originally Posted by moguldreamer

The recovery from the 2008 recession was much slower than from other recessions.

You are forgetting massive consumer debt.

[lair8]

There was a lot of economic growth from 2010-2019. It just mostly went to the top 1% instead of the middle-class.

[moguldreamer]

Originally Posted by Bubble99

You are forgetting massive consumer debt.

Incorrect. I'm not forgetting anything whatsoever. You're forgetting the price of tea in China.

[moguldreamer]

Originally Posted by lair8

There was a lot of economic growth from 2010-2019. It just mostly went to the top 1% instead of the middle-class.

Incorrect.

[EDS_]

Originally Posted by mysticaltyger

OK, if you think endless government debt and money printing are no problem, go right ahead believing that. Nothing I say is going to change your mind.

Endless government spending would be MMT......we don't have that.

[EDS_]

Originally Posted by Bubble99

You are forgetting massive consumer debt.

Massive again.

Household debt v. GDP

https://www.statista.com/statistics/...united-states/