You may be asked to reset your password when you try to login. This is part of a system update and is genuine, so it's safe to go ahead and do that. If you no longer have access to the email address you used to register, please email us at [email protected] rather than creating a new account. Apologies for the inconvenience.

What Do You Think of Obama's Emergency Economic Plan?

2»

Comments

  • Former MemberFormer Member Posts: 1,876,328 The Mix Honorary Guru
    You lot are sounding more Thatcherite than Thatcher

    It'll be a recession, but it isn't the end of the world, nor is it the end of US hegemony. Whilst unsustainable debt is bad, sustainable debt isn't. The US isn't in long-term in the former. It'll have to tighten it's belt momentarily, but the market will correct itself. US industry is still strong, so is most of their banking sector ( a few high profile casualties won't change that), they have a hell of a lot of assets at home and abroad.

    It'll be a few years of lousy economic news and then a period of boom (which'll be followed by a period of bust).
  • Former MemberFormer Member Posts: 1,876,328 The Mix Honorary Guru
    BOGNONBR_Max_630_378.png


    BORROW_Max_630_3782.png


    does that look sustainable to you?
  • Former MemberFormer Member Posts: 1,876,328 The Mix Honorary Guru
    You lot are sounding more Thatcherite than Thatcher

    It'll be a recession, but it isn't the end of the world, nor is it the end of US hegemony. Whilst unsustainable debt is bad, sustainable debt isn't. The US isn't in long-term in the former. It'll have to tighten it's belt momentarily, but the market will correct itself. US industry is still strong, so is most of their banking sector ( a few high profile casualties won't change that), they have a hell of a lot of assets at home and abroad.

    It'll be a few years of lousy economic news and then a period of boom (which'll be followed by a period of bust).

    Not really, I'm just concerned that the biggest economy in the world has gone from a budget surplus to a debt of 2 trillion in 8 years, with no sign that the debt is going to come down any time soon.

    More than anything really I am concerned that the belt tightening will mean an even worse lot than usual for Americas poor.
  • Former MemberFormer Member Posts: 1,876,328 The Mix Honorary Guru
    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

    It's high, but as a % of GDP its much less than a number of European Countries, Italy, Belgium, Norway, France, Portugal and Germany. It needs to be seen in the context of an economy worth close to $14 trillion.

    It could do with being taken down and short term, yes that's going to hurt (1-5 years). Medium term there's nothing to suggest that the US is going to collapse or cease to be the wealthiest country in the world (5-50 years0). Long term (50+ years) who can tell.
  • Former MemberFormer Member Posts: 1,876,328 The Mix Honorary Guru
    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

    It's high, but as a % of GDP its much less than a number of European Countries, Italy, Belgium, Norway, France, Portugal and Germany. It needs to be seen in the context of an economy worth close to $14 trillion.

    It could do with being taken down and short term, yes that's going to hurt (1-5 years). Medium term there's nothing to suggest that the US is going to collapse or cease to be the wealthiest country in the world (5-50 years0). Long term (50+ years) who can tell.

    Fair enough, I dont expect that the US will fall apart, I was just pointing out that at the moment their government is largely running on debt, which isnt a wise state of affairs.

    China will in all likelihood stop buying US bonds at some point, at least in such high amounts. Although having said that they have so many dollars they dont really know what to do with them.
Sign In or Register to comment.