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222 sats \ 12 replies \ @grayruby 1 Aug \ on: Rate Cuts:"What is it they're looking for?' econ
They might be abnormally high for a 35T debt load. I am not sure we can use historic metrics anymore. It's difficult to compare eras when debt to gdp (even though I am not a fan of this metric) was 30% with an era where it is 120%.
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177 sats \ 10 replies \ @kepford 1 Aug
Was watching one of the Bitcoin Conf panels with Dave Smith and he was talking about how very few people are talking about the debt as compared to 10 years ago. Its pretty wild.
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138 sats \ 2 replies \ @JesseJames 1 Aug
Self induced selective amnesia - is that what this is... :-)
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20 sats \ 1 reply \ @TNStacker 1 Aug
Hells yeah!
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41 sats \ 0 replies \ @Satosora 2 Aug
More like selective news. They want to keep the cat in the bag for as long as they can.
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65 sats \ 4 replies \ @Satosora 2 Aug
10 years ago, at least they were trying to manage it. I remember Clinton balanced the budget? Can you even imagine them trying to do that now?
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40 sats \ 3 replies \ @kepford 2 Aug
Yeah, they mentioned how Clinton and the conservative congress did that. Clinton was smart. He knew he couldn't get all of what he wanted to he worked with the Republicans. Guy still brags about balancing the budget lol.
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20 sats \ 2 replies \ @Satosora 2 Aug
He wasnt perfect. Balancing the budget was a big thing, no one else has tried. No one can. Not even Trump with all of his star power.
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40 sats \ 1 reply \ @kepford 2 Aug
You've got it wrong. No one cares. They aren't even trying. None of them.
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20 sats \ 0 replies \ @Satosora 2 Aug
Right. Just imagine if one of them said they could do it. Do you know how many people would actually do a double take?
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20 sats \ 1 reply \ @TNStacker 1 Aug
Politics
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41 sats \ 0 replies \ @Satosora 2 Aug
I wonder how the politicians feel, when they know they are part of the era that lost control of the economy. You think any of them care?
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129 sats \ 0 replies \ @siggy47 OP 1 Aug
Yes, you're right. But interest rates should be set by the market, not by how many bonds the fed issued to inflate the gdp. Of course that won't happen. It just bugs me that we live in an era when zirp or even negative rates are normalized.
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