Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 1 minute ago, RadioIsOurs said: The good sis Trumpland. I mean they always somehow stay looking rich and powerful, and all the other countries can do is just give them the look. America would face concequences eventually tho. There is a limit to how much one can raise money before there's not enough investors to cover it Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 1 minute ago, BLACKOUTbritney said: Debt is a social construct I choose to ignore If I owe you money, I’m sorry in my mind I don’t US following my lead The US like most Countries has always payed back their loans tho. It's rare for Countries to default that's why they get low interest rates cuz they are seen as a safe investment Link to post Share on other sites More sharing options...
RadioIsOurs 13,876 Posted March 22, 2018 Share Posted March 22, 2018 Just now, Economy said: America would face concequences eventually tho. There is a limit to how much one can raise money before there's not enough investors to cover it Can anyone really imagine that tho? America will always look like the effin King of the world, or at least that's what they like to think I guess... Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 8 minutes ago, RadioIsOurs said: Can anyone really imagine that tho? America will always look like the effin King of the world, or at least that's what they like to think I guess... I don't wish it lol. 3/4 of my Countries trade is with US. Their demise is our demise Link to post Share on other sites More sharing options...
Guest Posted March 22, 2018 Share Posted March 22, 2018 1 hour ago, imnotyourbabe10 said: Thanks Obama JK I think people can finally start blaming T***p on this one, right? Given the time frame? EDIT: On topic, I've always pondered about the next "crash" like the recession of '08 with the housing market to be Student Debt. Is that a possibility? I'm only in the social sciences so I suck at econ. The next crash, or one of the next few, will be much worse I think Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 1 minute ago, BadMonster said: The next crash, or one of the next few, will be much worse I think One problem is the US won't have the fiscal room to Induce the kind of stimulus it did before Link to post Share on other sites More sharing options...
PartySick 174,134 Posted March 22, 2018 Share Posted March 22, 2018 1 hour ago, FATCAT said: Ironically, the "conservatives" are running up the deficit faster and with no end in sight. Trump was right about one thing - the economy does much better when Democrats are in charge. Whimsical bitch Link to post Share on other sites More sharing options...
TimisaMonster 31,073 Posted March 22, 2018 Share Posted March 22, 2018 Yet Trump somehow has money to do a stupid military parade costing millions Stream my new single, 💜"Heartbeat"💜, on Spotify! Link to post Share on other sites More sharing options...
PartySick 174,134 Posted March 22, 2018 Share Posted March 22, 2018 Just now, TimisaMonster said: Yet Trump has millions of dollars to do a stupid military parade costing millions Military parades, million dollar golf trips, ludicrous tax cuts that only benefit the rich, a $700 billion dollar military budget (and they're pulling for more), pumpong funds into the fossil fuel industry, and they're paying for it all by slashing into assistance programs like medicare and ebt, slashing education, and allowing our debt to explode through the roof. Care about your country and fellow Americans. Never vote Republican. Whimsical bitch Link to post Share on other sites More sharing options...
Guest Posted March 22, 2018 Share Posted March 22, 2018 21 minutes ago, Economy said: One problem is the US won't have the fiscal room to Induce the kind of stimulus it did before realistically they haven't had that room for a loooong time... their debt is unsustainable and it keeps growing. There's no way they'll be able to pay it off or reduce it enough. I can only see it end one way, but I hope I'm wrong Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 7 minutes ago, BadMonster said: realistically they haven't had that room for a loooong time... their debt is unsustainable and it keeps growing. There's no way they'll be able to pay it off or reduce it enough. I can only see it end one way, but I hope I'm wrong By "room" I mean where they literally can't make the bad decision anymore Eventually the amount of money they need to raise in order to pay off old bonds will rise so much that yields will have to rise substantially to attract enough funding. Higher yields raise the cost of other forms of credit as the financial system is interlinked What would happen is mortgage rates, car loans etc going thru the roof if Government rates shot up because Corporate bonds complete with Government bonds for funding That's why there's a limit to how much the US can borrow despite what some say. The tricky part is no one knows what that limit is and that limit can vary depending on economic circumstances The Government could make all its payments and still start or worsen a crisis of difficulty raising the money results in a spike in rates If 10 year bonds for instance were in their 5% historical average the US would be in a crisis already Link to post Share on other sites More sharing options...
Economy 53,075 Posted March 22, 2018 Author Share Posted March 22, 2018 25 minutes ago, PartySick said: Military parades, million dollar golf trips, ludicrous tax cuts that only benefit the rich, a $700 billion dollar military budget (and they're pulling for more), pumpong funds into the fossil fuel industry, and they're paying for it all by slashing into assistance programs like medicare and ebt, slashing education, and allowing our debt to explode through the roof. Care about your country and fellow Americans. Never vote Republican. The military budget is also slightly higher than the US trade deficit... These hundreds of thousands of soldiers do nothing industrially productive but they consume food and other goods like everyone else... In addition to that, big Government deficits result in more money going into economy than you take out of it giving the economy the means to buy beyond its productive means So Of course the US has a trade deficit... Trump conviniently blames it on "bad trade deals" Link to post Share on other sites More sharing options...
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