We will have another real estate bubble being burst.
The problem is the government spends too much money in buying votes. Eventually we cannot service our debts and bankrupt.
The low (or
zero) interest rate is unsustainable and causes us a lot of problems.
It should NOT be used for the prolonged period like today. I do not see
the end of it and it will lead to Japan's lost bi decades.
On the bright side, the recent discoveries on the trapped gas and oil would boost the economy.
The government does NOT really grow
money on trees or have a real money printing press. It borrows from us
and foreigners. Eventually you have to pay back one way or another.
I
have never taken any class in economy and I can understand our
problems. What happens to the Ph.Ds in economy who work in the cabinet?
Are they stupid (at least by now) or Obama does not want to tell the
inconvenient truth to the public?
The following blog seems to be a joke, but it is not too far from reality. Decide it for yourself.
http://bit.ly/RR5Tey
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