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Subject: How long do you give the economy?

Please AVOID POLITICAL DISCUSSION, this is economic discussion. Under our current circumstances, how long would you give the economy?


Unless it's fixed (which i think it will be over the next 8 years, but i do have doubt as well), i give the economy no more then 10 years. it CAN be fixed over the next 8 years, and as i said i believe it will, although i have my doubts.


This shows how the debt rises, and it's not pretty.

The debt visualized in $100 bills... pretty scary.


AVOID ALL DISCUSSION RELATED TO POLITICIANS, ECONOMY ONLY

  • 12.08.2012 7:00 PM PDT

January first. That's when we head over the Fiscal Cliff, and we all know that the boys upstairs won't agree on anything.

  • 12.08.2012 7:01 PM PDT

Gather around the campfire, once it goes out, it's out for good.

When the Fed wants it too.

  • 12.08.2012 7:01 PM PDT

Name: Vien (Sven) 'Quitonm
Age: 19
Species: Sangheili
Height: 6'7"
Weight: 240 Lbs.
Eye Colour: Grey

The best stimulation for the economy is Viagra.

That is all.

  • 12.08.2012 7:01 PM PDT


Posted by: Vien Quitonmee
The best stimulation for the economy is Viagra.

That is all.
Lol

  • 12.08.2012 7:01 PM PDT
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Bungie doesn't like French on their site.

Tax people.

Feds need to stop spending money.

Fixed.

  • 12.08.2012 7:02 PM PDT

The human element always mucks things up.

Who is john galt?

  • 12.08.2012 7:03 PM PDT
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Hundred years, give or take.

  • 12.08.2012 7:04 PM PDT


Posted by: Egerspurge
Who is john galt?
wat?

  • 12.08.2012 7:04 PM PDT


Posted by: CND AAA Beef
Hundred years, give or take.
you really think that the US economy would last that long?

[Edited on 12.08.2012 7:05 PM PST]

  • 12.08.2012 7:05 PM PDT

ELEVEN MINUTES...

  • 12.08.2012 7:05 PM PDT

"History will be kind to me, for I intend to write it."
-Sir Winston Churchill

The Secret Society 95% of activity is me, I could use some help.


Posted by: bustedXLR8R
ELEVEN MINUTES...


Patrick SAD!!!!

  • 12.08.2012 7:06 PM PDT
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When china wants to call in the debt.

  • 12.08.2012 7:07 PM PDT
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Posted by: General Ryan

Posted by: CND AAA Beef
Hundred years, give or take.
you really think that the US economy would last that long?
Yes. You're actually in a recovery stage right now. You've been adding jobs and your GDP has been increasing since 2010, albeit slowly. And the fiscal cliff issue will most likely be resolved.

This isn't the first recession that's ever happened, you know.

  • 12.08.2012 7:09 PM PDT


Posted by: CND AAA Beef

Posted by: General Ryan

Posted by: CND AAA Beef
Hundred years, give or take.
you really think that the US economy would last that long?
Yes. You're actually in a recovery stage right now. You've been adding jobs and your GDP has been increasing since 2010, albeit slowly. And the fiscal cliff issue will most likely be resolved.

This isn't the first recession that's ever happened, you know.
True, the reason i have faith that we will be able to fix it in 8-ish years. I still think much more improvement is needed.

  • 12.08.2012 7:10 PM PDT

Hahaha, that's funny I thought you said my stats will be on Waypoint now. Wait, you were serious? Then, Nooooooooooooo!!!

20 minutes.

  • 12.08.2012 7:11 PM PDT

That's all I have to say about that.

The federal deficit doesn't affect the economy for a number of reasons. First, the U.S. debt as a percentage of GDP is actually pretty normal. In addition, our purchasing power parity is high, 6th in the world, as compared to 100th for China.

Another reason the debt doesn't matter is because federal interest rates are low due to quantative easing. This stimulates investment. Some economic commentators seem to think that any day now, foreign countries are going to lose faith in the dollar, and quit investing. The problem is, they can't. The U.S. represents 11% of the economic consumption of the world. Any attempt to quit investing or buying federal debt would be economic suicide for foreign countries.

  • 12.08.2012 7:14 PM PDT
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All that is needed for the triumph of evil is for good men to do nothing.

Here's a little reminder for all those who think the economy will crash in the near future.

People in the Great Depression thought it would end tomorrow. In fact, it got so bad that when people booked a hotel room, the hotel staff would ask them if they intended to use the room for sleeping or jumping. Obviously, it DIDN'T end the next day. Its been almost 100 years since then.

It has been worse before, I have no doubt in my mind it will get better now.

  • 12.08.2012 7:20 PM PDT

"Banhammer" - Post anything on the Waypoint forums -50g
Never forget:
Porch Day
lolReach
Gen Petitt Day
Night of the Living Alts


Posted by: General Ryan
AVOID POLITICAL DISCUSSION
You ask to much OP. You know these dumbasses can't keep in their political opinions.

  • 12.08.2012 7:29 PM PDT
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How did the Great Depression resolve itself?

"Well, the New Deal---"

No. World War II. That is all.

  • 12.08.2012 7:38 PM PDT

Unreal, isn't it?

MIT says that the economy will crash in 2030. I'm not informed enough to make any predictions myself.

  • 12.08.2012 7:48 PM PDT
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id weed was legalized the economy would become whole again.

  • 12.08.2012 7:48 PM PDT

Dating Age

For those looking to vent, get proper advice, or give it to those in need.


Posted by: iClop
Isn't it supposed to get real bad by january 1st?

If tax increases and spending cuts kick in. That'll affect aggregate demand which can put the US back in recession. But a deal will most likely be reached.

The debt troubles in the US are grossly exaggerated. Is it good? No. But if economic growth can pick up and deficits reduce (which they will if the USA can return to full employment) then the debt to GDP ratio will decrease.

The American economy isn't the Greek economy. Totally different situations.

  • 12.08.2012 7:51 PM PDT
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Posted by: A Land Pirate
Australia pulls host over USA fyi

Can anyone tell me,
The Debt to GDP ratio as it stand snow?
Total US Government budget?
And how much the interest on its debt costs per year?

[Edited on 12.08.2012 7:56 PM PST]

  • 12.08.2012 7:56 PM PDT

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