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'We're not as bad as Europe' should not be any consolation

Posted on: December 27, 2017 at 11:57:10 CT
JeffB MU
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to any informed, thinking person.

Europe had to be bailed out of the last financial crisis by the US (1) in a massive way, and they're worse off financially now than they were before the last crisis hit.

Meantime, the US is FAR worse off than they were then and the bubble is far larger. The US government purchased all of the toxic assets, inflated the money supply far beyond anything ever seen before.

We are currently in the bubble of all bubbles and all of the western economies are in record debt.

The world economy is a disaster waiting to happen.
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MESSAGE THREAD

'It’s a bubble economy' & 'it’s going to come unglued' - JeffB MU - 12/26 22:03:27
     RE: 'It’s a bubble economy' & 'it’s going to come unglued' - sarasotatiger MU - 12/27 07:38:04
          Oh get real. Any war there WILL be started by the muzzies. - GA Tiger MU - 12/27 07:41:43
               RE: Oh get real. Any war there WILL be started by the muzzies. - sarasotatiger MU - 12/27 08:20:43
                    Been busy. What has been going on? - GA Tiger MU - 12/27 08:49:41
     Nut job. - Ferg STL - 12/26 22:59:08
     Hes right, Peter Schiff sez the same thing - Uncle Fester USMC - 12/26 22:06:53
          Consider that source(nm) - MUGuy2004 STL - 12/27 07:49:40
               Consider the source indeed. Schiff was spot on in predicting - JeffB MU - 12/27 10:05:05
          Lot's of people have been predicting economic armageddon - MUTGR MU - 12/26 22:31:03
               Losers don't learn from history. The Austrians have stood - JeffB MU - 12/27 10:08:05
               The nuts have been saying the end is near - Ferg STL - 12/26 23:04:16
                    'We're not as bad as Europe' should not be any consolation - JeffB MU - 12/27 11:57:10
               RE: Lot's of people have been predicting economic armageddon - meatiger MU - 12/26 23:00:25
                    Bubbles are blown... bubbles pop... & almost everyone - JeffB MU - 12/27 10:00:45
                    Austrian Business Cycle Theory (nm) - pickle MU - 12/27 07:43:12
                    Don't listen to Ferg's strawman. this isn't a prediction of - 90Tiger MU - 12/27 07:31:10
                    True, that idiot Stockman has been a doom and gloomier since - Ferg STL - 12/26 23:09:00
                         RE: True, that idiot Stockman has been a doom and gloomier since - pickle MU - 12/27 07:45:25
                         markets do in fact collapse, Ferg. monetary policy does - 90Tiger MU - 12/27 07:32:30
          Donald Trump sez the same thing leading up to the election.. - JeffB MU - 12/26 22:23:43
          It only works for awhile. It's like the high from drugs or - JeffB MU - 12/26 22:10:35
               Irrational exuberance? - "Wild Bill" Donovan MU - 12/26 23:52:03




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