beretta24 wrote:aunt betty wrote:beretta24 wrote:aunt betty wrote:My personal economy would be awsome if I could simply go further and further into debt.
Why can't spinnerman admit that there is a finite limit and eventually the buck stops here?
He never said there wasn't. He just questions whether we've reached it or are near it. To me, the decreased rate of return on debt is evidence we're near the limit. The million dollar question is what is the magnitude of the pending correction.
Sounds like two oil men arguing over whether or not we passed "peak production" to me.
Nah, I gotta side with swamp on this one. When we pull back on QE I don't see how we avoid a 20 percent plus correction in the market. Some would argue >50 percent. Regardless, our standard of living has likely passed its peak won't be at that level for 10 plus years at least.
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Depends on the monetary system in play. If we stay on the dollar reserve standard, it could very well be 20 years...If they change the monetary system, they could possible roll back the clock a little and repeat the same BS again......but not without a lot of bumps along the way, and not without avoiding a severe crash.