Repost from Jan 2018: Why Our Economy Is In Depression And Will Get Only Worse
gulfcoastcommentary.substack.com
I wrote a blog entitled "We're Reaching the End of the Road" where I laid-out a litany of reasons for why our economy is mired in prolonged near-recession conditions and why things won't be improving anytime soon. I mentioned poor demographics, the declining utility of debt, and the effects of reaching the limits of resources, such as affordable oil, as some of the causes. All these are true and have caused Central Banks all over the world to "pump-up" the money supply to absurd levels, backstopped all markets to maintain desired "wealth effects"and governments have spent borrowed money like never seen before. These emergency measures have continued for 10 years. They are now trying to stop these emergency measures now, but it won't be possible to stop them for long.
Repost from Jan 2018: Why Our Economy Is In Depression And Will Get Only Worse
Repost from Jan 2018: Why Our Economy Is In…
Repost from Jan 2018: Why Our Economy Is In Depression And Will Get Only Worse
I wrote a blog entitled "We're Reaching the End of the Road" where I laid-out a litany of reasons for why our economy is mired in prolonged near-recession conditions and why things won't be improving anytime soon. I mentioned poor demographics, the declining utility of debt, and the effects of reaching the limits of resources, such as affordable oil, as some of the causes. All these are true and have caused Central Banks all over the world to "pump-up" the money supply to absurd levels, backstopped all markets to maintain desired "wealth effects"and governments have spent borrowed money like never seen before. These emergency measures have continued for 10 years. They are now trying to stop these emergency measures now, but it won't be possible to stop them for long.