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. Buying votes is our problem and buying foreign influence / access is money badly spent. I
do not see the end of it and it will lead to Japan's lost bi decades.
Unless
we have plenty of cheap energy to boost the economy and become our
major export, we will head to another recession. That's is quite possible with the recent discoveries on
the trapped gas and oil.
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 now) or Obama does not want to tell the
inconvenient truth?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment