Quote:
Originally Posted by Mathgod
The US economy is a house of cards. Consumer debt, corporate debt, and government debt are all at ALL TIME highs. Environmental protections are being gutted. Trump's policies only exacerbate these problems. When the bubble bursts, it will be an ugly, ugly situation.
The way I see it, the US population can either choose a few more years of a sugar-high economy with a ticking time bomb attached to it, or they can choose to defuse the bomb by electing a democratic President and congress.
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I think the bubble may burst elsewhere first, before the US.
Consumer debt in Canada is out of control.
Americans will think 4 years down the road, not more. They are programmed for that. Trump's environmental policies are a long term disaster, but not in next 4 years.
Canadian vs US consumer debt.
https://wolfstreet.com/2019/06/13/th...n-debt-slaves/