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Forums - Politics Discussion - The End is Near: We Just Enjoyed the Last Christmas in America

Jon-Erich on 13 February 2015

The last Christmas? Good riddance. Assume who works in retail, I'm so fucking sick of people and their bullshit around that time of year.



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MikeRox on 13 February 2015

Wow... that's incredibly wrong.

There is an endgame in sight to this financial trickery, a point of diminishing returns to lower interest rates: the Fed can't drop rates lower than 0%. Borrowers simply can't qualify for more debt, regardless of interest rates.


Article writer clearly unaware of negative interest rates then.

Also refers to inflation as an issue in the 70s/80s, yes it was. However the outlook for the next few years is negative inflation (or deflation) due to falling oil prices, cheaper food prices etc. But at the moment, this would just be a "good" deflation, in that people will have more surplus money to spend. If it became a long term thing however this would be really damaging to the economy.

The author of this article really needs to stop writing unfounded bullshit and putting it over as fact. The US economy is actually in a much better position than it has been for a long time.

Whether it could withstand a global meltdown is another matter. But nobody at all knows how that is going to pan out right now. Russia's economic woes have been manufactured by Western Sanctions and are intentional. China is a concern. But the article is written making a lot of assumptions of how things will go and deciding there is only one outcome.



RIP Dad 25/11/51 - 13/12/13. You will be missed but never forgotten.