taiyuu_otoko
Master Don Juan
Trust me, I'd like nothing than to glide gracefully into old age a and die in my sleep in my nineties. I would come in my pants if Trump or anybody else managed to save us from destruction, but the ONLY SOLUTIONS I hear from ANYBODY (including nobel prize winning economists) are based in wishful thinking.Often times your posts about the United States and it's economy are quite negative. It's almost like you want to see this country to fail.
Studying economics has been a hobby of mine the past several years. I've read countless books, and they are all far short on any kind of specific solution to our current problems.
I honestly believe that the ONLY SOLUTION is enough people wake up and realize how bad our situation, and stop relying on politicians or other "experts" to fix things "for us."
The labor participation rate has been falling steadily for decades. You don't change that with policy tweaks.
The velocity of money has been falling for decades. You don't fix that with policy tweaks.
Alan Greenspan recently said he hasn't felt optimistic in YEARS.
The lack of REAL JOBS in the economy is a problem that is at least fifteen years old.Alan Greenspan is doesn't feel good about America.
In an interview with Bloomberg TV's Tom Keene and Mike McKee on Tuesday, the former Federal Reserve chair laid out an uncertain and downbeat view of the US economy.
McKee asked if Greenspan thought that financial markets were right by signaling trouble for the economy.
"Yep," said Greenspan. "We're in trouble basically because productivity is dead in the water."
Labor force participation rate PEAKED before 2000, and has been falling ever since:
The amount spent on foodstamps KEEPS GOING UP
These are trends that are DECADES LONG.
These are STRUCTURAL PROBLEMS.
All these are happening while REAL GDP GROWTH is flat.
I don't WANT our economy to fail. I really, really, really HOPE it gets better.
I just don't see how it's possible.