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clive999
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The worrying factors here are:-
1. we are in uncharted waters, The national debt has never risen so fast, or for so long (predictions of 22 trillion deficit by 2019 (assuming no more wars or catastrophies) indicate throwing the books away on this one
2.The world is playing with far more "money" than the worlds combined GDP,s so someone is playing with "thin air"
3. The worlds resources are finite so the idea of high growth going forwards like after WW2 are remote, especially as half the worlds population works for $2 dollars a day
The above means little if any growth for the forseeable future,
The worst is there is nothing left in the bank for any more disasters for at least the next 10 years
With a shrinking working population i do not see the figures balancing....or am i wrong? i sure hope so
Do deficits cause higher interest rates? You decide.
We're running huge deficits these days — just in case any of your friends haven't noticed yet. A lot of my friends have noticed, and they don't like those deficits one bit, because they've made up their minds that deficits, especially big ones, cause interest rates to rise. It's become conven...
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