Sooner or later the Federal budget will have to be balanced; it has already reached unsustainable levels, and unsustainable growth levels.
The trade deficit financed by in part by the Federal deficit and by artificial expansion of creditâ¦â¦â¦â¦â¦is to be finished. The dollar has been kept artificially low and has/will continue to strengthen against major currencies.
The housing bubble, already burstingâ¦â¦â¦â¦will begin to drain the banking bubble. Over the last 40 years the financial sector has grown at a faster rate than the real economic growth.
I fear that while all this happens the economy will go into a deep depression.
The trade deficit financed by in part by the Federal deficit and by artificial expansion of creditâ¦â¦â¦â¦â¦is to be finished. The dollar has been kept artificially low and has/will continue to strengthen against major currencies.
The housing bubble, already burstingâ¦â¦â¦â¦will begin to drain the banking bubble. Over the last 40 years the financial sector has grown at a faster rate than the real economic growth.
I fear that while all this happens the economy will go into a deep depression.