Re:US economy returned to growth last quarter, expanding 2.6%
by christkv on Thursday October 27, 2022 @01:40PM
(#33361157)
I really hope you are right but the massive debt taken on by all the western countries has me worried about their ability to actually respond to a hard recession if it hits this winter.
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Re:US economy returned to growth last quarter, expanding 2.6%
by nequo on Thursday October 27, 2022 @01:53PM
(#33361340)
Public debt is a strange thing. The gross public debt of the US is 135% of its GDP[1] but Japan has it at 266%[2] and they've done okay so far, too.
[1] https://en.wikipedia.org/wiki/National_debt_of_the_United_St...