motonoggin Posted August 28, 2018 Share Posted August 28, 2018 12 minutes ago, Highmark said: Nope. Private debt is about $27 Trillion. GDP is around $20 Trillion. Not saying its not a huge issue but the debt alone won't trigger it.....yet. Yup. Private Debt to GDP in the United States increased to 202.80 percent in 2017 from 202 percent in 2016 https://tradingeconomics.com/united-states/private-debt-to-gdp Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted August 28, 2018 Author Share Posted August 28, 2018 15 minutes ago, Highmark said: Nope. Private debt is about $27 Trillion. GDP is around $20 Trillion. Not saying its not a huge issue but the debt alone won't trigger it.....yet. What are global debt figures? Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted August 28, 2018 Share Posted August 28, 2018 5 hours ago, ActionfigureJoe said: https://www.google.com/amp/s/amp.theguardian.com/business/2018/aug/28/us-will-lack-fiscal-space-to-respond-when-next-recession-comes LOL, Jeffrey Frankel. Check out this hit piece he did after Trump won the election. https://www.theguardian.com/business/2016/nov/11/what-will-happen-when-president-trump-takes-office Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 28, 2018 Share Posted August 28, 2018 2 hours ago, ActionfigureJoe said: Which will open the door to a radical socialist taking the White House. The economic pain will usher in some very strange elected characters. Trump has truly fucked this country. Never going to happen. The economy is in another zip code from where it was in 08-09.Dodd Frank increased reserve level is required for banks and insurance companies and they are most all passing their stress tests with flying colors. These doom and gloom articles have been around since the 30s. Of course at some point we are going to have another recession, but some are you guys are actually wishing for it which is pathetic. I work for one of the most conservative companies in the financial services field, with a lot of PhD’s in pointy-headed nerds in the back offices forecasting this stuff. And no one is talking like this article. It’s like the guys trying to sell bonds or annuities. Trump has helped to unshackle this economy, and if he can do so and prevent any excesses or abuses by Wall Street or any other sector there is no reason we can’t continue to enjoy the prosperity. Budget talks are coming he has stated that he will not go along with the budget like the last one so let’s see where that ends up before we get too heavy with the sky is falling rhetoric Quote Link to comment Share on other sites More sharing options...
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