02-07-2019, 07:19 PM
(02-07-2019, 05:05 AM)Galen the Quack Wrote:(02-06-2019, 12:03 PM)Hintergrund Wrote:(12-24-2018, 05:04 PM)Eric the Green 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 .... predicts some you can pretty much bet the opposite will happen.
Government will probably have to eat huge amounts of private and public debt. We are discovering how expensive it is to 'stick it' to people who happen to be on the wrong side of a political divide and make sweetheart deals with profiteers
So far the Great Devaluation seems to be with employee compensation due to wages failing to keep pace with productivity.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.