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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Don Green who wrote (19235)	5/16/2017 3:23:03 PM
From: John Pitera	Read Replies (1) of 33421

Hi Don, The general history of countries and debt over the course of time is that they debase their currency and inflate their way out of both deficits and cumulative debt. The USA had a Governmental budget that went up about 1000% percent when we got into WWII.... and when the war ended, we just adopted the new base line level. You should have seen the hundreds upon hundreds of strikes for higher wages that Harry Truman had to deal with in the 18 months after WWII ended. Truman was gravely concerned at how vast the expansion and size of the Federal government grew during WWII. It made eminent sense to worry, but the economy and the markets seem to be able to adjust. I realize that Japan has really lousy demographics..... we'll have to see if the rise of AI and robotics and robots is able to bring a higher standard of living to us as some of the deep thinkers on this topic ruminate on. John

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