Quote:
Originally Posted by MrBaldBastard
700 billion returned from overseas last year in a one off event, trillion borrowed from china. That moneys not being used to build infrastructure and enhance education or make your lives better in any way, its barely covered the day to day costs of running the Government and all businesses have basically just done share buy backs.
Yet despite these huge debts and stimulus hits to the economy... Greece is out pacing you and amusedly enough so is China.
Trumps economy hasn't tanked because the world so far has avoided recession again, and that was always out of Trumps control because the triggers for it are likely to come from Europe or Asia. But recession will come its natural, the problem you have is accounts are blowing out during this current worldwide boom.
BTW Trump budgeted on 4 trillion being returned, and he got 700 million. Notice they've all shut up about that one?
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We're also in a trade war and our fed hiked our rates 7 times since trump has been elected (0 times with Obama). But that doesn't matter I guess when you're comparing these small economies like AUS, SWISS, GREECE etc to a giant like the USA