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Reagan / Thatcher Economics discusion

ludin said:
Umm yes the markets have more than recovered from the 08 crash.
No we are not making the same mistakes. Lending is at a reasonable level.

We are not running out of credit.
the conspiracy theory forum is ----->
Click to expand...

Not a conspiracy, Yes the market has recovered, my 401k is doing well, the people have not.

If your in the top 10% Yes you have recovered (good for you). But half the country makes 30k or less a year. Deregulating the banks & giving Tax's cuts to rich people are the mistakes of the past. Both have been done recently.

Most of that tax cut money is going into stock buybacks or fictitious capital. Not investment in the country itself. Smart business is in China & its emerging markets. The new home of capitalism.


Just remember that capitalism has a downturn every 7 or so years. Its been 10 years.
 
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