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To: ifinnegan

Yes, they do cry doom quite frequently, and outside of their economic stories, they —in their anit-partisanship — are actually quite blinded by their own partsanship. I’ve spent a lot of time on their site since I started studying economics.

They cry doom because they are analyzing from the Austrian perspective.

And, according to Austrian economics, we are in a massive bubble that will burst eventually.

In the past, when any powerful/wealthy nation has been a position like this, there were other powerful/wealthy nations to soften the blow.

Not this time.

This time, all of Western Civilization and now all of the eastern nations are in this exact same boat.

A global “reset” is about to occur. Let’s hope it doesn’t lead to WWIII, as the previous global economic crises led to.


98 posted on 01/04/2016 6:43:01 AM PST by Ghost of Philip Marlowe (Carter...Reagan...Bush...Clinton....Bush....Carter....BUSH? / CLINTON? STOP THE INSANITY!)
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To: Ghost of Philip Marlowe

....”A global “reset” is about to occur”....

Would be interested in what you might think it would look like, would you care to enlarge?


139 posted on 01/04/2016 11:10:30 AM PST by caww
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