Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
When economic issues are not a concern, the people will focus on other issues like healthcare/education (Bernie), and anti-immigration (Trump).
The abysmal US public K-12 system is MUCH more of a problem and Bernie never addressed that. And no one is anti-immigration. But many are anti-ILLEGAL immigration.
Read here to see what a sick joke US public schools are:
BOTH a crappy US public education system and illegal immigration negatively impact the economy. They create an exponentially increasing underclass of poor people who drag down wages at the lower end of the scale.
What "REAL debt" are you referring to? What would be the advantage to hiding "REAL debt?"
The GSE MBS. They can just roll off the Federal Reserve's H.4.1 as they mature whether paid or not. That's how QE created with a keystroke and not backed by US Treasuries work. No one loses any money, the QE is just never unwound.
The GSE MBS. They can just roll off the Federal Reserve's H.4.1 as they mature whether paid or not. That's how QE created with a keystroke and not backed by US Treasuries work. No one loses any money, the QE is just never unwound.
QE's were moneys created out of thin air. But then swapped dollar for dollar for bank debt. Treasuries or mortgage paper. So within the banking system the net was zero. No one loses any money.
QE is already being unwound. Minus commissions, the bulk of interest and principal goes back to the Treasury. Eventually Fed QE related holdings could go back to baseline. Barring any new ideas.
It’s a gig and temp economy
It’s not the good old days
The kids are going to keep living in dads basement and garage
And mom and dad are going to keep doing Refinancing of the house to carry them
We have become like France the PhD is flipping burgers for a living
QE's were moneys created out of thin air. But then swapped dollar for dollar for bank debt. Treasuries or mortgage paper. So within the banking system the net was zero.
Completely false. There are tens of thousands, if not more, of homeowners living in their homes without making their mortgage payments. That's NOT a net of zero. That's extra money pumped into the economy. Once when the Federal Reserve bought the GSE MBS with QE, and then again when those who don't pay their mortgages spend that money on something else. WHY is that so hard for people to understand?
I already think I know where the next bubble is: student loans. I think it was $1.1 trillion last I checked (may be higher now). I think that's about double what I thought the TARP bailout was.
And college costs keep going up and up while the value of degrees go down. It's going to burst. They may attempt to try "free college" legislation to stop it, but I don't think even that will stop it (plus, even if it does, it will hurt us somewhere else.)
the unskilled will always be at the bottom of the barrel, accept it.
Here is the problem: in the past, people used to work in the unskilled fields while going to high school or in college to pay for college. Now they are being offshored, pay low, or are filled with illegals, plus some companies that used to hire highschoolers now hire more college and older. The bottom rung is being pulled out.
And no, you can't get into the higher level right away because you need experience for that and you don't yet have it (and sometimes can't even get it in college!).
What baffles me in all of this, is why has America recovered better than most of the remainder of the industrialized world. Look for example at the American stock market, vs. nearly any other developed nation's stock market. The Great Recession started right here. The most egregious abuses we're right here. And yet, the recovery was also the strongest... right here. Why?
It might have something to do with the dollar being the world's reserve currency.
Completely false. There are tens of thousands, if not more, of homeowners living in their homes without making their mortgage payments. That's NOT a net of zero. That's extra money pumped into the economy. Once when the Federal Reserve bought the GSE MBS with QE, and then again when those who don't pay their mortgages spend that money on something else. WHY is that so hard for people to understand?
Zero within the banking system.
I know of no one having their house without payment. It may be. And if so, then the rest of the economy will gain.
I already think I know where the next bubble is: student loans. I think it was $1.1 trillion last I checked (may be higher now). I think that's about double what I thought the TARP bailout was.
And college costs keep going up and up while the value of degrees go down. It's going to burst. They may attempt to try "free college" legislation to stop it, but I don't think even that will stop it (plus, even if it does, it will hurt us somewhere else.)
Student loans will be the next Federal Reserve QE bailout that can't be unwound and will just roll off, paid or not. First, the $2 trillion GSE MBS bailout, and now this.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
