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I agree with this. Balanced budget guys are so.... 1992 when Ross Perot made it his signature item.
Debt just doesn't matter any longer, we are way past the point where the national debt would be paid off (LOL) or even paid down. We'll keep borrowing, or printing money when we can't borrow, and we'll see what happens.
Total debt alone doesn't really madder.
Deficit to GDP and Total debt to GDP do though.
We are still at an ok level. 4 Years of a large increase in deficit spending could have severe consequences though.
Whatever happened to frank purlin ? Ever since markets recovered he has been Mia.
Not that those predicting doom tend to stick around when they are wrong usually .
He disappeared very shortly after talking about making that $200k bet about being able to short Tesla without having a margin account. When lowexpectations called his bluff on that, Frank just kind of tiptoed into the mist
We can all likely name all those who show up to say I told you so after every correction we have had .
They rarely post and then all of a sudden are very active because they were very conservative after the fall....then vanish again once markets recover and everyone else is making money again and they are still lagging.
We saw the same thing when rates were increasing and we had those proclaiming how the experts were saying we were going to 4% and markets and bonds were going to crash.
He disappeared very shortly after talking about making that $200k bet about being able to short Tesla without having a margin account. When lowexpectations called his bluff on that, Frank just kind of tiptoed into the mist
He shorted Tesla with 200k. LOL. He probably jumped off a bridge then.
He shorted Tesla with 200k. LOL. He probably jumped off a bridge then.
He actually didn't say he shorted $200k of Tesla. He just made the statement that he was able to short Tesla without having a margin account. When people said that he couldn't do it without having a margin account, he said that he wanted to bet $200k that he had done it in his non-margin account. Even went so far as to say that he would have his attorney draw up the contract for the bet. Lowexpectations called his bluff and said he would take the bet.
Whatever happened to frank purlin ? Ever since markets recovered he has been Mia.
Not that those predicting doom tend to stick around when they are wrong usually .
Frank 'Mr. Bloodbath' Purlin has changed his name to 'Mr. Transfusion'
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