/biz/ - Business & Finance

>a retard on RH used margin to go from 3k to 1.7m
>AMD pumped then dumped as they got liquidated

>>15833948
I never said relative to each country. Plenty of countries are retarded and deep in debt. Depends on context. Being roughly 100% GDP in debt isn't terrible for the US, considering we're trading IOUs for actual goods and services as we're the reserve currency. Debt is a tool. Useful debt is amazing, and can help you expand your productivity. Useless debt is a trap and laughable. Throwing out the baby with the bathwater is only going to hurt your lifetime gains fren.

I do think we're entering a period with rolling debt crises ahead- it was recently household/mortgage debt, and I definitely believe corporate debt will ultimately be the cause of the next crisis (either as a result of bankruptcy, or politicians taking policies that create zombie firms). I see student debt as being an ultimate med/long term drag on the economy as it'll reduce spending and advancement among those who have it. I could see US sovereign debt being an issue of it continues at this pace (w/ tax cuts + increased spending) but I see Chinese sovereign debt as being a greater risk to the global economy currently. It's beyond 300% GDP when you consider state owned corporate debt.

Don't misconstrue my disagreement as simply following the retardo talking points- I find MMT and infinite deficit as laughable as you do. I just don't think the solution is as radical as you propose. People are gonna be retards, let the system suffer and clear out the corrupt. Capitalism ultimately uses destruction for the sake of creation, the grander issue is the US Government (not the fed, but the actual politicians) abusing fiscal policy to attempt to ignore the core of Capitalism for the sake of maintaining popularity.