4 ms·
Growth in the US is 20% real, 80% bubble. Every now and then the bubbles burst, the baloons deflate to their actual value. And then greed accelerates things aga
by HenryBemis 6y ago
Growth in the US is 20% real, 80% bubble. Every now and then the bubbles burst, the baloons deflate to their actual value. And then greed accelerates things again. Unfortunately the acceleration happens on the "promise", not the actual.
If I may add a chart, the red line is for me the actual value of the US economy (DJIA)
https://www.tradingview.com/x/fvtBtRx6/ https://www.tradingview.com/x/fvtBtRx6/
Top line is promised profits/accident waiting to happen.
Bottom line is actual value.
Another thing that pisses me off was depicted in the movie "The Big Short". There is not enough actual money/products/things to go around, so we do derivatives. I remember derivatives from my Uni years. We don't have enough/good numbers? Drop a derivative of something, inflate it, mask it, and sit back and wait. And then the balloon gets too much air, it will deflat, people (retail) will lose their money, and here we go again.
It's not growth (in the USA) unless there is a 10-year-looping wealth redistribution.