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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (378105)	7/23/2018 7:00:13 PM
From: cosmicforce	Respond to of 543674

Exactly - I wasn't saying this was a good thing; it is most certainly a bad thing. We have had artificially cheap money in part because China was willing to buy debt, and multiply their economy against our indebtedness and crazy consumerism. Good deal if you or I could get it... a bank producing coupons to sell to you so they could buy your electronics. You get some promise that the coupons will degrade slower due to the "full faith and credit of the U.S." than you are limited by your ability to increase production efficiency expressed in the value of that coupon... this bet has a terminus - we are at that in my opinion, bounded by the logistic curve of production (law of diminishing returns). The Dumpfster® just accelerated that reconciliation but it has been coming for a long, long time.