In the US falling oil prices have freed up about a half-trillion$ in 'free-cash' but it's not going back into the economy. That's equal to about 1/3 of all personal income taxes but the American consumer is not spending it. Meanwhile some people act like a 5% or 10% tax reduction will stimulate the economy?
And don't tell me that business owners will buy more machinery on speculation in this low demand economy. Some dipshit like Ed might say it but you cant find a business owner or lender who believes it.
So we've got unheard of monetary stimulus, massive fiscal stimulus by way of energy prices and... and the economy grew 0.7% in Q4'15.
Call me a bear but I don't see much more than secular stagnation with massive levels of debt for the next ten years - regardless of who is president.
Discuss
And don't tell me that business owners will buy more machinery on speculation in this low demand economy. Some dipshit like Ed might say it but you cant find a business owner or lender who believes it.
So we've got unheard of monetary stimulus, massive fiscal stimulus by way of energy prices and... and the economy grew 0.7% in Q4'15.
Call me a bear but I don't see much more than secular stagnation with massive levels of debt for the next ten years - regardless of who is president.
Discuss
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