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Yes it's low educational attainment and not the natural deleveraging of an over leveraged system combined with the govt spreading the risk to parties who did no
by fleitz 16y ago
Yes it's low educational attainment and not the natural deleveraging of an over leveraged system combined with the govt spreading the risk to parties who did not participate in that risk, that is slowing the recovery.
The Dow is not going to hit 14,000 for a while unless we re-leverage to the same insane levels. There is no recovery, this is economic reality.
It's going to take a lot of hard work for the economy to actually reach the pre-2008 levels.
I'd suggest we use the great minds in finance to produce value instead of hocus pocus. The levels from which we are basing the recovery were not real. It is the result of producing money out of thin air, hence when everyone wants it back it is not there to give back. That has nothing to do with educational attainment and everything to do with fraud. Why there are no jobs is because the gov't borrowed our money and gave it to the people who ripped us off.