>GDP growth averaged 2% in the past seven years
>Debt to GDP now exceeds 100%
>It's been almost two decades since the U.S posted a surplus
How close are we to another financial collapse during the next recession?
>Student debt bubble
>Housing market bubble in big cities due to chinks (especially Pacific cities)
>Fed raising interest rates super quickly considering they didn't raise them at all during the large majority of Obama's presidency.
It's coming, the question is "when."
>>131787408
This fall,
A the super virus that's hitting shot will hit banks and crash shit
B a normal super collapse
C a planned collapse and the Chinese are the new rulers
D ww3
>>131787662
The student debt bubble isn't much to worry about since they can no longer default on their loans
The biggest issue is how they'll be able to afford a comfortable lifestyle when the govt raises taxes to pay for the Boomers social security and pensions
This whole system is doomed to fail
>>131787408
>gdp averaged 2% growth
That only sounds bad if you don't understand how percentages work.
>>131787662
Wut remember 2008,and 2015 both were fed things
>>131788112
I'm not sure what you're trying to say
>>131787955
There is no way students are going to pay back their loans. Everybody knows it. Even if they can't default, the economic implications of this are awful. These banks aren't getting their money back.
>>131788297
Uhhhh Feds caused 08 and 15. Because of high interest rates
>>131788529
Right. How does that contradict anything that I said. Your first post made it sound like you were confused about what I said.
>>131788297
The younger generation will not be able to foot the bill for social security and pensions which is the biggest economic problem in numerous states
There are cities that are on the verge of bankruptcy due to using most of their money to fund government pensions. Illinois is a prime example of what's to come