Obama leaving Trump with a Terrible Economy... in charts...

jem · Dec 5, 2016

Its all debt and mirrors.
interesting article posted by Banjo on another thread.

https://econimica.blogspot.com/2016/11/trump-lies-no-different-than-obama-or.html

The article then goes on to explain why things could be going south... fast.

jem · Dec 5, 2016

I could not get the charts to show on the previous post... so here is a similar chart but not as good illustrating how much debt its taking to squeak out gdp.

only it accelerated with Obama... wait to you see it at the link..

Tsing Tao · Dec 5, 2016

But stocks at record highs. Buy stawks!

Ricter · Dec 5, 2016

jem said:
only it accelerated with Obama... wait to you see it at the link..

Yes, revenues fell and non-discretionary spending rose. You see we had this little recession thingy.

jem · Dec 5, 2016

8 years was not enough for leftist programs?

Ricter said:
Yes, revenues fell and non-discretionary spending rose. You see we had this little recession thingy.

Ricter · Dec 5, 2016

jem said:
8 years was not enough for leftist programs?

Well afterwards people started parking their money in treasuries, which INCREASED THE DEBT OMG!!!

Tsing Tao · Dec 5, 2016

Ricter said:
Well afterwards people started parking their money in treasuries, which INCREASED THE DEBT OMG!!!

And this had nothing to do with the fact that they were front running the Fed purchasing 4 Trillion or so of the aforementioned treasuries.

Ricter · Dec 5, 2016

Tsing Tao said:
And this had nothing to do with the fact that they were front running the Fed purchasing 4 Trillion or so of the aforementioned treasuries.

Still, it's surprising that people were free to purchase treasuries "under leftists".
; )

java · Dec 5, 2016

My prediction for the dismal science? For some it will start improving Jan 2017, for others it will get really bad for 3 years and then totally ruined about 2020.

jem · Dec 5, 2016

what does this comment even mean? the debt comes about because the govt borrows money after it spends it. not because the public buys already issued bonds.

Ricter said:
Well afterwards people started parking their money in treasuries, which INCREASED THE DEBT OMG!!!