Thats the thing, why would these landlords evict renters unless their banks won’t work with them. Which the vast majority of banks will because they know there is relief coming in most of these errant leases.
No. Quite the opposite, the US is not smoke and mirrors it’s an economic juggernaut. Underneath the “clothes” is a very high per capita gdp. Here in the US our problems on the horizon are deflation, a strengthening dollar, and a labor shortage. Our supply lines and capacity are the most efficient in the world and with some investment are only going to improve. Not only that our trading partners and outside investment is only going to look more favorably on the US as we have demonstrated to still be the most capable nation of pulling through a global crisis.
While the greenback remains the world's reservce currency you can kick the can down the road. Had the UK joined the Euro things would be very different. Yes the US is an industrial powerhouse but the amount of debt per capita is staggering. Nobody wishes ill of the US
Debt per capita, posh. There isn’t enough greenbacks in the world still! There is high demand for dollar reserves. Our great foe is not debt it’s labor shortage and a strengthening dollar. Other than the obvious societal upheaval here, on the other continent. I do agree the UK has shown upside to leaving the Euro, namely in being fairly competent in being able to order and receive vaccines. Being master of your own coin is nice in this day and age as well. Perhaps I am wrong but the dollar has not acted the way I was taught it would in economics. Actually, quite the opposite has happened. And this is my own working theory but I think it’s a combination of our Fed having a dual mandate, meaning they will keep things moving forward with a keen eye on employment and the price stabilization created by automation and AI. We shall see. Prudence above all but I don’t see debt as burdensome in the US.
The lefties don't see any problem with massive debt. Except when it comes to their own circumstances such as student loans. Then they want other people to pay it off or cancel it.
Too much nuance between a nation with its own central and an individual’s private debt i see. Let’s compare a puddle of nothing but mud to the ocean with a bounty food and serves for transport while we are it. These two are obviously the same thing according to @TreeFrogTrader Again, another meaningless point from you.
If you guys want to get into MMT, let’s do it. Trump’s debt was real debt in that it was basically useless and built nothing nor improved quality of life. The reason why I said above “prudence above all” is that debt has to add to overall production and well being, meaning it’s sustains or builds gdp and brings about full employment. Trump’s debt was worthless.
I see. You see no problem with massive public debt but if you and your ilk have student debt that has to be paid with their money, you have to get that cancelled. Another graduate of the AOC School of Economics giggle