Here Comes the Economic Boom

[W_BRANDON]

I can't tell if the OP is meant to be taken sarcastically or not. I think I'll move on.

[Jordan]

I can't tell if the OP is meant to be taken sarcastically or not. I think I'll move on.

100% serious.

[Jordan]

If you really think things are getting better you're not looking at it correctly...

I don't care what bubble they inflate or how much better they try to make things seem.

This is an undeniable truth.

The US Debt is past 16 Trillion, US Total Debt is 58Trillion, the unfunded Liabilities are in the nature of 250trillion, student loan debt OUTWEIGHS personal credit card debt, none of this is in a reverse trend. It's all getting much worse, and the reason that there's an illusion of prosperity is because of the massive inflation that's going on to create it.

Nothing is better, nothing is close to better, if you ride up the bubble and assume it's peaches and cream you're crazy. Whatever ride up we get temporarily will be offset in the future by an even greater crash than 2008.

Things might get better but it's an illusion. This country is flat out broke and the people are carrying the entire burden they just haven't been slammed with it yet.

Your unfunded liabilities number is not only off by multiples, but also an illusion. "Unfunded liabilities" is just a way to calculate future expenses without considering revenues. That's a really stupid way to look at on-going expenses.

[Travlyr]

Good to see all the negative Nancy viewpoints in this thread. I consider it a contrarian indicator - things are getting better.

In a central planned world, things can improve in your neighborhood without improving in mine. If America, and her allies, war on Iran, then Raytheon, Lockheed Martin, GE, Haliburton, and many other warring contractors will profit at the expense of private industry and the innocent people of Iran who get maimed or killed. War Is A Racket ... after all. The Hospital Industry thrives too. That is not a good thing unless you are one who profits from the maiming and killing and don't care about your fellow humans.

[jclay2]

100% serious.

Sure the economy might show some minor signs of dead cat bounce, but the underline fundamentals are outright horrible. If you think printing and borrowing trillions will work in the medium to long term, you are a fool. We are sowing the seeds of our own destruction and will pay for it. Fake markets propped up to the tune of trillions by central banks will not hold. In the last 5 years, we have borrowed 5 trillion on the federal side and printed near 2 trillion dollars from the federal reserve and our economy is still barely moving. Just because people were buying stocks hand over fists in the .com bubble, doesn't mean that the cliff isn't just around the corner. I don't care how much demand there is for western bonds, because reality will return and it will not be pretty.

[Steven Douglas]

Sure the economy might show some minor signs of dead cat bounce, but the underline fundamentals are outright horrible. If you think printing and borrowing trillions will work in the medium to long term, you are a fool. We are sowing the seeds of our own destruction and will pay for it. Fake markets propped up to the tune of trillions by central banks will not hold. In the last 5 years, we have borrowed 5 trillion on the federal side and printed near 2 trillion dollars from the federal reserve and our economy is still barely moving. Just because people were buying stocks hand over fists in the .com bubble, doesn't mean that the cliff isn't just around the corner. I don't care how much demand there is for western bonds, because reality will return and it will not be pretty.

You have to look on the bright side. In the near future, people could be taking home weekly paychecks in the MILLIONS!

[anaconda]

Monster asset bubble that has faced no correction, accompanied by the expected minor fluctuations.

[matt0611]

[jclay2]

This!

[oyarde]

I , expect unemployment to go up , end of Jan.