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FYI

Posted by Richard640 @ 21:52 on January 16, 2020  
  1. Unamused 
    Jan 16, 2020 at 11:29 am

    Why is this happening?

    The Real Economy never recovered from the recession that began in 2007. It’s just limped along well enough on skyrocketing federal debt to make it look good. 

    The Financial Economy not only recovered but has been fully enabled to exploit the Real Economy with new and improved extraction mechanisms like the Medical Industrial Complex and the Education Industrial Complex. 

    From 2000 to 2001, the Federal Reserve, in a move to protect the economy from the overvalued stock market, made successive interest rate increases. It doesn’t do that anymore because it would disappoint the Financial Industrial Complex and make ambitious politicians look bad.

    The Japanese recession which began in the 1990s never ended and never will, but will continue to limp along until the status loses its quo. 

    It could easily be argued that the 2000-2001 recession that began with the bursting of the Dot Com bubble never really ended for similar reasons, but that is another story and shall be told another time.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.