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Deficits gonna matter again
Comments
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I’m hearing we’re fixing that problem right now. Race excepted.YellowSnow said:
So much of that 20th ass kicking occurred when life expectancy was like 62. It’s a lot harder to kick ass when life expectancy is 78 and everyone wants a cumfy retirement starting in their early 60s. R&D spending and infrastructure gets the axe so we can buy more scooter chairs.PurpleThrobber said:
Two totally different causations.YellowSnow said:
Thanks Trump, Obama, Bush 43. Fucking dicks.PurpleThrobber said:
Like winter, inflation is coming.YellowSnow said:Probably looking at $4 trillion this year. Yikes.
https://pjmedia.com/spengler/fixing-the-roof-while-its-raining/
Trump is a debt guy - but he's not a tip over the entire country kind of debt guy. He understands leverage ratios and shit.
The ONE thing the US is pretty damned good at is finance. We'll spend ridonkulous amounts on hookers and blow and government cheese and entitlements - but when it comes to owning the foreigners, the US generally always kicks ass. Been that way since WWI and stealing away all the English and French gold reserves. Fast forward to being the financier for WWII and the Marshall Plan, same thing.
Greed is good. The Throbber has massive faith in US finance guys v everybody else - even though they occasionally step on their own dicks with crazy ass derivatives and real estate bubble crash thingys.
