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We’ve been through a lot over the last four years. Between pandemics, actions taken to prop up the economy through the pandemic, and the miserable effects of Bidenomics, you’re probably asking when the misery will end.
It’s a good question to ask, and we all want something hopeful to look forward to. When times are tough, a vision of a better day can keep us going.
And many people look at what the Fed is doing to try to “help” the economy with the hope that what the Fed is doing will be the magic bullet to fix our economic issues.
is the economic statistics trickery and f*ckery done yet? We still have to figure that one out, yet! The Fed lowered interest rates for a reason, but is it the one we were constantly told?
Mark Moss had a video today about inflation cranking back up soon.
There's just too much debt to maintain these fairly normal interest rates and there's too much deficit spending to slow down the growth of the debt.
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These interest rates are not even near normal. The normal interest rates have usuallly run about 6 - 10%. I can remember times when the mortgage rate was as high as 18%! (But that was not normal.) The debt factor, though, has never been higher. I cannot recall ever being as high as it is in relationship to the GDP as it is now. I think that those worried about the debt are on the right trail. Those saying, “No problem, we owe it to ourselves,” are in la-la land where there are never any problems with debt and bankruptcy. I come down on the side of those who think debt is way to high!
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If we do in fact just owe it to ourselves, let's save everyone a bunch of trouble and just nullify the debt.
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I think that was their (circular) reasoning! But, alas, we also owe it to China, Japan and a whole bunch of other countries. I don’t think we want to screw a whole bunch of pensioners with a default, do we?
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Also, I'm pretty sure none of those debt payments are coming my way.
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Nope, the payments aren’t coming your way but you can count on seeing the bills for it! We will be paying a long time to pay this off.
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