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Thread: U.S. economy shrank 4.8 percent in first quarter, the biggest decline since the Great

  1. #31
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    Cotton1's Avatar Senior Member
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    Quote Originally Posted by Tahuyaman View Post
    The stock market is looking at the long term and they are encouraged. But yes, debt reduction or even just debt control needs to be addressed.
    What the market is looking at is the grease for anything based on units, liquidity. From the market standoint the debt creates more units. Additional units of capital fuel the markets. That is what has been happening for a bit over 2 decades. Let's not forget, the markets are simply a place to park money. Stock prices are nowhere near as contingent on earnings as the public believes. If it were the markets would have been in celler long before the word "Wuhan" became a piece of our vocabulary. I am not disagreeing with you. I am actually agreeing. Long term the markets like what they see. But what the markets see and like is massive liquidity
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  2. #32
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    Quote Originally Posted by Tahuyaman View Post
    The stock market is looking at the long term and they are encouraged. But yes, debt reduction or even just debt control needs to be addressed.
    Debt control is the best we can hope for.
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  3. #33
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    Cotton1's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    Debt control is the best we can hope for.
    I agree. The govt spending has to be reigned in while the cost of servicing the debt is still an option. The debt per se' is not the problem. The debt service is a huge problem. If the govt were to take actual capital and pay down the debt the money we would be taxed to do such a thing would crush the economy over time. Its a huge problem either way.
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    carolina73's Avatar Senior Member
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    I figure that I should just do what the government does.

    I will open a separate company. I'll take out loans and every credit card I can find and use it to capitalize the company.
    Then I will pay myself out of the account every year and determine that the debt is really income.
    Then I will leave my kids the debt from the loans and cards.

    Government Economics 101

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    Quote Originally Posted by carolina73 View Post
    I figure that I should just do what the government does.

    I will open a separate company. I'll take out loans and every credit card I can find and use it to capitalize the company.
    Then I will pay myself out of the account every year and determine that the debt is really income.
    Then I will leave my kids the debt from the loans and cards.
    .



    Government Economics 101
    I like how you think. Are we related?
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