years, and few loans have been written off. Inflation has been low. However, the Fed cannot maintain stability forever, and economic
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stability is not always desirable since it allows malinvestment to continue. Bad businesses do need to fail, and they eventually will.
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I believe our economy currently has a lot of malinvestment, and shaking it out is going to be a rough transition. No matter who becomes
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president, I think a recession in the next two years is likely. Trump's policies are particularly likely to result in a shakeup--
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a reduction in immigration will put pressure on housing prices, and Trump is not focused on the welfare of Wall Street and the big banks.
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So Trump will be looking at some deflationary pressures during his term. If these conditions materialize,
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he should propose inflationary policies like sending a $3000 check to every citizen.
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What he really needs to avoid in the next recession is simply caving in to Wall Street and the big banks for stability at any cost.
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One of the big things that's been going on with the economy for years is that debt levels are very high. This is a drag on the economy.
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Debt levels can be reduced with deleveraging, defaults, or inflation.
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I prefer inflation as the best option for reducing debt while screwing the banks.
End of conversation
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