There is no way out now, 2016 is meaningless. The next downturn will happen with debt to GDP near 150% and European levels near 100%. There is no forecasting what this will look like. If you guys aren't privileged or can live off the land...Taboo wrote:Well, the only real question was whether we were in for a smooth adjustment or for a rough adjustment. That question has been answered by the will of the American people. They decided they like it rough.
Obama and the Fed has been trying to paper over a massive depression by pulling growth forward...unfortunately that's really not possible over eight years, so Obama will be stuck with a depression and the resulting blame rather than Romney's "free market" policies (which wouldn't have been free market at all). Furthermore, the economy will get bad enough that circumstances could propel a real conservative into office in 2016 (or admittedly Obama could go FDR and seek a third term...)
People got really mad when I posted pictures of starvation in 2008.