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Some sectors are hard-hit by Covid but others are not. Furniture sales, Grocery, Tech, Entertainment are all doing quite well. Debt is also not necessarily th
by aeternum 6y ago
Some sectors are hard-hit by Covid but others are not. Furniture sales, Grocery, Tech, Entertainment are all doing quite well.
Debt is also not necessarily the time-bomb that everyone thinks it is. Debt is tied closely to the overall money supply, and world productivity has been increasing as has population. World debt is about 69 trillion with a population of 7.8 billion. That's under $9k USD per person.
- harambae 6y ago>World debt is about 69 trillion with a population of 7.8 billion. That's under $9k USD per person. That's a bizarre way to cut it for a number of reasons. For example, half of the world lives on less than $5.50 per day [0]. The more relevant statistic is the US national debt is $26 trillion [1] and the additional unfunded liabilities dwarf that. There are 143 million US taxpayers. It's something like $160k per US taxpayer [2]. Much of it can/will be printed away but not without other consequences. [0] https://www.worldbank.org/en/news/press-release/2018/10/17/nearly-half-the-world-lives-on-less-than-550-a-day https://www.worldbank.org/en/news/press-release/2018/10/17/n... [1] https://www.usdebtclock.org/ https://www.usdebtclock.org/ [2] https://en.wikipedia.org/wiki/National_debt_of_the_United_States https://en.wikipedia.org/wiki/National_debt_of_the_United_St...