Are we in for a major crash

[mkultra]

Just wondering what you think. Last quarters growth was good at over 8%. The problem of course is that any government can increase GDP by borrowing and spending. Interest payments on the debt are approaching $0.5 trillion. Thats nearly a quarter of our total budget. Seems like if they wanted to lower taxes they could start by getting rid of the debt. Is this another route to funnel monies to rich folk who own this paper?

[T Roosevelt]

1. You might venture into the Economics forum

Great threads with lots of information...but basically the answer to your question is "most likely". Too many structural faults in the current economy to lead to a recovery.

And keep in mind, another thing that adds to GDP is health care costs, which is obviously a bad thing...

[el_gato]

2. and oil spills

to continue your last thought TR

[tom_paine]

3. Interest rates will have to be kept low for the foreseeable future

Given that a couple ponts increase then makes the interest on the debt $700,000,000/year Greenspan and the Buseviks have to try to steer us into a Japanese-style low-interest endless recession "soft landing".

It will certainly be interesting watching them try to hold the lid down on the boiling pot...