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In economies that revolve around credit/debt (the US), once credit stops EXPANDING, that's a huge force pushing the economy down. If everyone's already taken o

In economies that revolve around credit/debt (the US), once credit stops EXPANDING, that's a huge force pushing the economy down. If everyone's already taken on as much debt as they can, and interest rates aren't consistently marching lower for ~25 straight years, it's going to be a little harder to grow. Doesn't make it impossible, just harder. We're paying for growth we got 25 years ago now. Wish we invested that money better. You can't change the past. But you can change the future.

e40 5mo ago
This is precisely why DJT wants to control the Fed and lower interest rates. It would be a short-term win for him and the economy.
- mikeyouse 5mo ago
  At the expense of much worse inflation..
  - raydev 5mo ago
    Unfortunately we get the inflation anyway from military action in/around Iran.
  - e40 5mo ago
    Agreed. That's what I implied but forgot to state.
philipov 5mo ago
The future will certainly change things, but who can change the direction of a tidal wave? It will go where it wants, not where we want. The best a single individual can do is flee to higher ground. Unless you happen to have a media empire at your disposal. Maybe then you can change the future. The problem is that those people are changing things for the worse.