the real recession began in 2008 and it never ended.
it was just covered up via QE and fiscal spending to goose GDP
Login to reply
Replies (16)
That's what I suspect.
The real recession began in 1971.
The real recession began in 1913.
The real recession began in 1609
The real recession began in AD 33
It’s true, we never recovered
💯 fact!
Correct assessment!!!!
Yes, at the time I opened a bottle of good Aussie red, and toasted the end of this super cycle.
I must say though, I'm really impressed at how good the bankers are at delaying the inevitable. I figured they could kick the can down the road for 3 or 4 years, but not 15.
🎯
More so, the GDP is calculated pathologically due to the intake of Fiscal Spending (Keynesian "Aggregate Demand"). So no real growth, but a party at the expense of debt (future taxes or inflationary crisis).
1776
I disagree with this entire energy.
I don't see another country with a more antifragile freedom paradigm.
Liberty paradigm sure is antifragile over there.
It's only when I learned *who's* liberty it's about, that puzzle pieces started falling into place. #littleseason
Where do you live?
Yup, the silent depression - emil kalinowski