The last recession started almost 10 years ago which means we're about due for another one most likely this year. The last recession which almost sank the entire country wasn't even resolved, all that happened was the banks and corporations got bailed out and interest rates were lowered to encourage spending. Unfortunately those low interest rates caused massive asset bubbles such as the credit card, auto loan, student debt and housing bubble we have today.
We practically kicked the can down the road to as far as it can go. It feels like the era of hardship and the end of prosperity is coming quickly
And how exactly di those low interest rates cause those massive asset bubbles? Was it because poorer, and therefore, more stupid people were able to take advantage of those credit and loan privilages without being able to pay them back?
>>135097960
>Throwing meat to the dogs and blaming the dogs for eating it.
>Your uncle throws your steak to his chihuahua and dares you to question it
>>135098172
>It's the consumers fault and not the fact that the bank carelessly gives loans out like candy to people that are bad risks
Google glass steagal and how repealing that caused our current mess
>>135097466
>the last recession was 10 years ago so that means...
Nothing. Just because something happened in the past doesn't necessarily mean it will happen in the future. What's so magic about 10 years? Why do you think just because something happened then it must happen again every 10 years? Are you a retard?
>>135099305
Do you know how recessions work?
It's a cyclical economic cycle that repeats itself every 8-10 years.
Google the list of us recessions and you'll realize we never went more than 10 years without a recession happening
No Guys Wait! Don't you know that Trump's gonna bring us more jobs and that will increase circulation without having to decrease interest rate loan privilages!? Cheer up you guys! Only losers give up hope!
>>135099305
Businesses expand until they meet all demand then begin oversupplying until prices drop to where its no longer profitable. Then the strong firms cut the fat and the weak are culled until there's demand to be satisfied again. In theory.