A growing number of economists are predicting the current economic boom will turn to bust in 2019.
When recession does come, will economists simply call for more of the same — namely endless government spending?
After all, in the wake of the 2008 financial crisis, most economists told us the problem was the private sector was not spending and investing enough. So, we were told, government must step in and make up the difference with deficit spending to get “idle resources” — like capital goods and labor — back to work.
But what should the government be spending on? Apparently, anything.
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5 comments:
A multi million dollar F** festival?? I think not there Bisexual Day
How many years has this 'bull market' gone on now? It started in 2009, right? and then got turbo-charged after the election. We are way overdue to the 'bear' to return.
I just wish there was a way to put a safety net on my investment accounts. I mean, how do you know when to stay or get out? Wall street won't tell you.
Yes, the govt learned to tax more so you have less, so the economy goes down... So they can spend more...
722
It is a rigged game.
Stay out.
Yep ! It's a every Changing World Every Single Day ! ..So Don't Ever Be Surprised !
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