Recession

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  • #53308

    Here’s an article on the possible up coming recession. I didn’t know but 77% of our GDP goes to the national dept and at the end of the next 10 years, they expect it to be 97% of our GDP, doesn’t look good.

    With the possibility of putting a tariff of 25% on steel and 10% on alunimum it’s not going to help matters if other countries retaliate against us. If they do retaliate, China and Russia will own us.

    Hopefully, China, Japan and the rest of the countries we owe, won’t call in their markers, yet.

    https://www.marketwatch.com/story/the-heightened-danger-of-the-next-recession-2018-01-26#false

    #63455

    TRex2
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    If China and Russia retaliate against us economically, they will be like Butch Cassidy and Sundance Kid’s last stand. And because of the way the world economy works, if China and Japan “call in their markers” it will cause their economies to collapse before ours does.

    Few people realize the difference in size of our economies. The US economy is larger than China and Russia combined. And if China goes through with its plan not to buy our soybeans, their people will starve. They can’t afford the instability that will bring to their own nation.

    All nations are paper dragons today, but our paper dragon is just a bit more solid than theirs is.

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