Message from @kotten
Discord ID: 660949985352744980
today you look at 50 years to pay it off
the debt ratio is a consequence of trying to run a balanced budget
it's also why worker's share of gross income falls
It's an accounting identity, essentially, very similar to thermodynamics
the root misunderstanding is the role of banks, they are not intermediaries, credit emission is what adds to the money supply and aggregate demand
it's also what pushes down the interest rate which hurts anybody looking for fixed income, encouraging them to find exotic substitutes
yeah it's so fucked up..I am so angry I never invested my money.
not too late to ride another wave in the US pump
but I really wanted to be as close to debt free as possible when buying a house, but at some point you just loose money quicker than they build up
Fuck no, I havn't invested in like the 5 years I've been making money.. I am waiting for the fall
cycles and shit
you might be waiting a long time, don't fight the trend
people have been going bankrupt waiitng for that, shorting themselves into poverty
Isn't it lik ~10 years
2008
there was the it bubble end of 90s?
doesn't matter, it's an open ended system, you can have the real economy rotting while the markets pump
all you care about is the nominal gains in the market if you are trying to make money
I would say the US economy is already in recession, but that doesn't mean the market will necessarily crash
No I think I'll be doing what any right winger would be doing.
Prepping, gardening
You can do both
also trade against bots
don't trade against them, trade with them
THey automatically buy the dip
just wait until the liquidity adjustments of ETFs gets realized across the world
when you hear the phrase "free float adjusted weighting" in the news, then you can worry about things crashing
its like that subprime stuff?
it's very different, but it will have the same effect 'inside' the system, but not necessarily expressed in the markets the same way
it forms the base of a shaky pyramid
automatic purchases basically reduce the VOL, but becaue those funds need liquidity, they all buy the same stocks
so it compounds, and those major equities move the major indicies, etc
It's like pop music. it's popular because it's popular
not good for sweden even worse than the USA in that shorter period
95 was when sweden ran its last big deficit, then it's been hovering around 0, with the expected rise in household debt to gdp ratio
Worst of both worlds, high tax ratio and climbing household debt-to-gdp ratio
Das nice n shet
Almost like clockwork