| ▲ | TacticalCoder 19 hours ago | |
> I mean, what makes you feel there is a crisis? U.S. M2 money supply tripling in 15 years. US gov public debt more than tripling over the same period. People from the middle class being unable to buy a house. The money printer has been going brrrrrr since a very long time and everything got badly distorted. My bet is that when the next financial crisis hits, we'll see helicopter Ben and hear the brrrrr again. The crisis in one webpage: P.S: that's not talking about a country like France, where the IMF shall have to intervene soon as public spendings are totally out of control and the public debt is running wild. | ||
| ▲ | anovikov 10 hours ago | parent [-] | |
Debt to GDP ratio only increased by 1/3 in 15 years, not 3x. And this is a natural consequence of population ageing and is less pronounced than in almost any other developed country. Money supply to GDP is only 1/4 up from 1950s when interest rates were a lot higher. Homeownership is at nearly all-time high except a short stretch of speculative housing bubble ~20 years ago when a lot of people who couldn't afford homes, bought them to speculate, being financially illiterate and tricked by the banks to do to. Do i need to continue? | ||