- Joined
- Mar 21, 2016
- Messages
- 12,130
- Reaction score
- 7,253
- Location
- Charleston, SC
- Gender
- Male
- Political Leaning
- Libertarian - Left
i see a lot of parallels with the Bush economy. tax cuts, a booming economy fuelled by cheap money and debt and a FED beginning to raise interest rates to cool off the economy.
are we in a bubble that is about to burst?
Unfortunately, there's no way to know that for sure, but yes there are definitely signs of it. Too many people(including our own government) are overextended in debt. That's the scary part. If we end up in a recession it's the government who would need to take on some debt to help get us out of it. With skyrocketing deficits that Republicans are running for no good reason, we're in danger of not being able to pull ourselves out even if it hits.