Ok, now i really get it.
- inflation is low
- there is no real estate bubble, house prices are rising because of rising incomes, strong economy, low unemployment,low inflation, low interest rates, strong demand and shortage of available land
-consumer wealth is at record levels, rising home prices create massive wealth that allows consumers to spend more
-trade deficit is a sign of economic strength and the strength of rich american consumer.Let somebody else sweat and produce the stuff we consume. We have the money, they don't.
-budget deficit will be reduced by strong growth
If all of the above is true then AG et al are geniuses, who have invented "free lunch", economic utopia or perpetuum mobile whatever you want to call it.
The question comes to mind, why hasn't this been tried before, why have all the previous generations been so dumb ?
Fools, they even suffered Great Depression.
And why this is not being tried in Ethiopia, Zimbabwe or Argentina ? |
