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2022-09-19 Economy

'This New Period Is Very Different, And Far Worse In Many Ways Than The 1970s'

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Posted by Besoeker 2022-09-19 00:36|| || Front Page|| [7 views ] Top

#1 It seems to me that points 1 (climate change) and 4 (cryptocurrency and the end of citizenship) can be safely discarded as unlikely.

But 2 (huge quantitative easing, ie. debasing the currency) was one of the nasty factors in the fall of Rome, and 3 (aging population worldwide, not “fixed” by Covid) are certainly enough to be going on with.

Posted by trailing wife 2022-09-19 08:26|| 2022-09-19 08:26|| Front Page Top

#2 First mortgage in 1972 was 13.5% for 30 Years...

Posted by Papa Cooky 2022-09-19 11:52|| 2022-09-19 11:52|| Front Page Top

#3 The US Industrial Base hadn't been hollowed out yet in the 70's. It's rather difficult to work your way back to prosperity when the only jobs are in the Service Industry.

Posted by magpie 2022-09-19 12:34|| 2022-09-19 12:34|| Front Page Top

23:55 Besoeker
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