Vol737
It’s My Toxic Masculinity That You Like!
- Joined
- Feb 2, 2011
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Was our last recession the housing bubble bursting?
How will this possible recession compare?
I think even in the absence of the ominous structural problems we had in the financial sector back in 08/09, this recession is going to be hell on wheels. National debt was just under $12T in 2009, today it’s $30.5T. That’s an $18T increase or 250% (credit to @VolStrom on the edit). Suffice to say the battle will be long and arduous to contain inflation under these increasing debt levels. To do it without cutting federal budget items is impossible and you know that’s not going to happen anyway. Let the carnage begin.
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