Utah’s right. Again.
…is just about over. There is mounting evidence that we are approaching a global tipping point where governments have run out of options to manipulate the world economies. For the past 6 or 7 years, people around the world have been fed a steady diet of cheap money, global treasuries have been running the printing presses 24/7/365 and governments have been enacting “stimulus” spending that has generated almost nothing of long term value in return.
Now we are coming to the end.
Herb Stein’s Law is in effect:
If something cannot go on forever, it will stop.
There are signs that the grand wheels of global commerce are about to grind to a halt.
You can’t have real economic growth based on personal or government spending when that spending is used solely for maintenance, simply to prevent sinking lower, and not growth based on true consumption driven by demand. Government spending…
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