Quote:
Originally Posted by thommy
i think we should discuss on the same facts.
the household deficit in the eurozone is -0.7 forecast 2019 is at -0.6 while the deficit in us is -5.3
and it went up since trump !
2014: -4.8
2015: -4.2
2016: -4.9
2017: -4.9
2018: -5.3
forecast 2019 is actually: -5.9
these numbers are net % of GdP
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i stand corrected. eu household debt is somewhat lower than US. nevertheless, my point still stands, America is not unique re: household debt. and China is certainly not exempt.
it's incorrect to count America out. It's incorrect to assume the future of America is kaput. and it's incorrect to neglect the massive issues plaguing china just so a finger can be pointed at America to conclude the American is doomed. the economy cycles, we're in a boom, it's foolish to exclaim it's a pipedream. of course it will end, it's a cycle. we jump in when the cycle is good and hang on when it's not. we don't sit around and claim the boom is artificial.