Loading ...Oro, hi, I thought Q-E was the Fed buying up all the Bonds to keep interest rates low. Re long term and short term loans? I remember when the banks gave out 30 year 6% home loans, and a few years later they were PAYING 18% on CDs to get deposits. Figure that one out.
As for the WORST thing that ever happened to the USA? In my opinion? Merging the USA with other countries that have “baggage.” That $17 trillion debt we have? All the other problems? All related to globalization. The once wealthy USA was a victim of global corporations and global socialism.
That $17 trillion debt we have? That’s amount or difference between importing a lot and exporting a little. That’s the minimum estimate our country lost. I didn’t figure in other losses, like deflation in entry level wages. With a low base reference point for wages, it actually holds down (pecking order) all other skills and occupations.
Look at all the businesses that are constantly adjusting things to maintain affordability. Smaller cans of coffee. Smaller half gallons of ice cream ete. They often design and produce a lower quality product to create an affordable to the masses price.
Look how they adjusted or created artificially LOW interest rates to make cars and houses affordable. Obama care is another thing to accommodate the poor masses. Too many $10/hr to $25/hr poor people are dragging the whole system down.
Think about who caused the meltdown in 2008? It was not the rich people. It was the poor people, $10/hr to $25/hr, that could not afford to rent (3 mos rent up front) but could afford to BUY, with no money down and got 105% mtgs. Same with car loans. Now leases are maybe 60% of “sales”.
A three year car loan of $2800 from 1969 was about $75/mo. In todays money its about $1100/mo. So they lease instead. Buy half the car, then give it back
I can not for the life of me, understand, why I’m the ONLY one on this forum, and every where else, blaming the 50 plus years trade deficit for our precarious situation. The whole system is a joke.