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_
2016 Sep 6, 2:59pm
Do you really want me to do the math?
As someone who has studied government debt and revenue models, lets just say your math is suspect if you believe government debt will go from 20 Trillion to 628 Trillion
Heraclitusstudent
2016 Sep 6, 3:26pm
As someone who has studied government debt and revenue models, lets just say your math is suspect if you believe government debt will go from 20 Trillion to 628 Trillion
I'm just projecting a simple exponential trend. Are you saying we are not on this trend now, or that the trend will change at some point.
I certainly agree it will change. Which underlies the fact we can't simply say "things are great, we'll just go through a period of high debt".
_
2016 Sep 6, 3:30pm
Which underlies the fact we can't simply say "things are great, we'll just go through a period of high debt".
Due to demographics we will never see a surplus probably in our life time, the only really shot was between 2016-2017, that didn't happen.
However, since it's majority of mandatory payouts, I see no problem with high federal government debt loads when you have the reserve currency
If anything, we don't do enough government
spending
neplusultra57
2016 Sep 6, 3:41pm
If anything, we don't do enough government
spending
There should be more "Republicans" like you, Logan.
Heraclitusstudent
2016 Sep 6, 3:46pm
I see no problem with high federal government debt loads when you have the reserve currency
There is a fine line between "high debt load" and a $628 Trillions load.
The Fed rate hike is in limbo again, as predicted. As long as they keep zirping or nirping asset prices will stay inflated.
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https://www.bloomberg.com/view/articles/2016-09-02/a-storm-is-brewing-in-global-financial-markets
Global growth is weak, and will be eroded further by Brexit. Oil prices are low, and likely to plunge further. The world has excess capacity and a wage-depressing labor surplus. Corporate profits are shaky. And deflation is laying bare the impotence of central banks. So where would you logically expect financial markets to be going, given that economic, financial and political environment?
#LogansSwan