What to Worry About in This Surreal Bull Market

Re:What to Worry About in This Surreal Bull Market by sheeshkebab on Tuesday November 28, 2017 @07:07AM (#15796460)

Don’t forget how raising taxes in 90s wiped out all deficits and large chunk of debt in early 2000’. The worry back then was then how US would lose leverage in the world if all its debts were gone.

Not saying that current level of debt is any good, there are just multiple levels to that story.

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Re:What to Worry About in This Surreal Bull Market by topmonk on Tuesday November 28, 2017 @07:12AM (#15796482)

Raising taxes didn't do it. It was the horrendous hype generated by the dot com bubble. Having a net surplus was just a blip on the radar which quickly became unattainable as soon as the resulting crash.

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Re:What to Worry About in This Surreal Bull Market by sheeshkebab on Tuesday November 28, 2017 @07:32AM (#15796604)

Capital gains tax was raised in late 80’s and 90’s.

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Re:What to Worry About in This Surreal Bull Market by topmonk on Tuesday November 28, 2017 @08:34AM (#15797049)

I'm not denying that. I just don't think the explanation for why the deficit was eliminated was because of that.

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Re:What to Worry About in This Surreal Bull Market by lsniddy on Tuesday November 28, 2017 @07:30AM (#15796595)

coupled with Alan Greenspan's promotion of home ownership which eventually led to the subprime collapse

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