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Ok so I think we can all agree that we are in a mess economically in this country. Post up anything having to do with it. Such as what caused
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07-22-2009, 02:12 PM
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Enthusiast Member
 
Join Date: Jun 2009
Location: Virginia Beach
Posts: 304
Drives: 07 V8 4Runner 4x4
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U.S. Economy 2009!
Ok so I think we can all agree that we are in a mess economically in this country. Post up anything having to do with it. Such as what caused it, how can we fix it, inflation vs deflation, collapse, Great Depression 2, recovery, etc. Ill go first...
Too much debt in the system, and a lot of it is going bad. But the govt is not allowing it to be defaulted on and cleared out. Trying to keep asset values unrealistically high wont work because there comes a point when no more debt can be carried. Its simple math really. Its like a balloon you can keep inflating it forever. Discuss... |
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