02-07-2019, 05:05 AM
(02-06-2019, 12:03 PM)Hintergrund Wrote:(12-24-2018, 05:04 PM)Eric the Obtuse Wrote: I still say the recession which I think will follow will not be as severe as 2008-09.
I'd rather bet the opposite.
Considering how high debt levels were in 2017 and they have only gotten higher then it is likely that a recession now will be much worse than 2008. When Eric the Obtuse predicts some you can pretty much bet the opposite will happen.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises