Re:Federal Reserve balance sheet trends
by LatteLazy on Thursday April 23, 2020 @07:21AM
(#22954774)
I'm being tongue in cheek with the "selling your kids" bit, I hope you don't mind.
But I'd be less worried if these debts were to build infrastructure (and we'd have some incredible infrastructure). That's my real concern here: we borrowing to maintain lifestyles not to build useful things.
Your point about Japan is really interesting. I heard things were moving that way but I didn't know they were so up front in recognising it. I love the Japanese. Here in Europe we're in a similar position but no one quite wants to admit it. And we borrow still, we just give it all to OAPs :(
But I'd be less worried if these debts were to build infrastructure (and we'd have some incredible infrastructure). That's my real concern here: we borrowing to maintain lifestyles not to build useful things.
Your point about Japan is really interesting. I heard things were moving that way but I didn't know they were so up front in recognising it. I love the Japanese. Here in Europe we're in a similar position but no one quite wants to admit it. And we borrow still, we just give it all to OAPs :(