Re:This Bubble's Got Legs
by pjc50 on Friday September 09, 2016 @11:27AM
(#12463087)
Again, I don't see why people are worrying so much about the US government here. It's one of those situations where you don't have to outrun the bear, just the other guys.
It's the countries that can't devalue and print a little to ease their situations (Euro countries other than Germany) that are in trouble. Then there's the countries which are dependent on fossil fuel exports for their budget (Saudi and Russia, but also Brazil and Venezuela among others). Then there's China's economic structure, which has far more pretending in it.
The US is fine unless another Republican Congress decides to blow it up with the debt ceiling.
It's the countries that can't devalue and print a little to ease their situations (Euro countries other than Germany) that are in trouble. Then there's the countries which are dependent on fossil fuel exports for their budget (Saudi and Russia, but also Brazil and Venezuela among others). Then there's China's economic structure, which has far more pretending in it.
The US is fine unless another Republican Congress decides to blow it up with the debt ceiling.