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Displaying (2) Comments | Comment on this piece | Report objectionable art
I think it would be nice to run a poll on what debt do people think is unsistaunable by the govt? Will the dollar collapse as a result of the debt burden because people will flee the currency? How much money can the govt print before the economy starts choking because interest rates shoot up?I think the camps saying deflation, inflation, this is all not sustainable etc believe for example that certain debt is not sustainable and others think differently. The point when it all collapses can be different. Same was with the real estate bubble. Did it make sense to buy a shack in 2004 when the bubble started going? Absolutely yes even though the price seemed to go up not because of fundamentals. But a smart person would flip properties instead of buying them for the long term. Same is with debt. After it breaks some psychological barrier it can bring the economy down. But before this happens you can party on, go to the mountains, hike and then hike some more and relax in a jacuzzi. So the question what is the psychological barrier? For now the stock market is a bit nervous but there are lots of optimists still and Obamomania is in vogue. Rate this comment: 0 0
By: | Dec 19, 2015 | Report Comment
Check that off the list of thngis I was confused about.
By: | Sep 10, 2011 | Report Comment
arisingtide
mzabor
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