Rich wrote:I'm sorry but you do seem to live in a pathetic fantasy world.
Is the dollar "strong" due to the health of the American economy or the lack of health of other world wide economies? Both I suspect. Use of the dollar's strength by itself to gage the strength of an economy is only accomplished by folks living in a pathetic fantasy world.
Total U.S. household debt reached a record $14.15 trillion at the end of the year after increasing by $193 billion, or 1.4%, in the fourth quarter of 2019, according to the Fed’s Quarterly Report on Household Debt and Credit. Household-level debt and credit records drawn from anonymized Equifax credit data,” noted that total household debt is now nominally $1.5 trillion higher than the pre-recession peak of $12.68 trillion in the third quarter of 2008. As wealth in America continues to flow to the top 1%, average Americans are relying increasingly on debt to pay their living expenses.
Student debt is a big issue in the 2020 presidential campaign for an obvious reason: There’s a lot of it—about $1.5 trillion, up from $250 billion in 2004.
As a Republican presidential candidate, Trump said he would eliminate the national debt in eight years, which was $19 trillion in 2016 ….. it's $23 trillion today …
Eventually debt growing rapidly, as it currently is, will lead to a crash/correction. 2+2=4 regardless of what self serving lies/distortions politicians serve up to the rabid masses.
"Society in those days was a perfectly competent, perfectly complacent, ruthless machine." Virginia Woolf 1897