the real recession began in 2008 and it never ended.
it was just covered up via QE and fiscal spending to goose GDP
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Yes
If it wasn't for the expansion of internet technology and the iPhone, it would be so obvious
The digital revolution is carrying the fake economy because it gives the illusion of incredible progress while distracting everyone from the state of the real world
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