Quote:
Originally Posted by bobabode
C'mon, man.  |
C'mon, man.
Now you sounding like Biden.
Anyhow, the Biden economy has a huge affordability issue and consequently a huge debt issue. Debt is pervasive. Credit card is now a whopping $1.17 trillion...a record. The consumer being maxed out has turned to Buy Now Pay Later. And this BNPL is now being applied to grocery!
Now what about National Debt?
But, but, but the Biden economy is doing better than others in nominal terms.
Well it has the reserve currency which gives it room to mask/mitigate the effects of its huge money printing machine. Plus Biden's admin is telling a number of important economies what they can and cannot trade.