house prices(probably thanks to the low intrest rate) has been sick

over 20 years, household debt to gdp ratio in sweden has gone from about 43 to 90

all while trying to run a balanced budget with high taxes for the government

https://noqreport.com/2019/12/29/real-reason-eric-ciaramella-protected-fervently/

Whistleblower exposed

@Sh0t yeah.. But I guess U.K and most other EU countries have done the same.

GG @kotten, you just advanced to level 9!

It's really weird

Each one is a bit differnt, all else being equal, you can pad it with a trade surplus, but the fundamental problem is a misunderstand of how these fiat currencies operate

Assuming a trade balance, if the gov runs a surplus, the private sector has to run a deficit

That means either lower quality of life or added debt(usually debt until it can't be handled)

Sweden has high levels of taxation to try and be 'responsible' and run a balanced budget or a slight surplus, but it's a mistake

whats the endgame with these fiat currencies?

Nothing, they can go on forever

I mean

okay..

So 60's

you could work of your house after like a few years

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

I hate that system

You can do both

also trade against bots