JACK SPRAT


MY WIFE IS A VERY HARD WORKING TACTICAL DOER! BUT THE ONLY TIME WE HAVE BEEN ON THE SAME PAGE ABOUT THE ECONOMY WAS IN 2008 AFTER THE HOUSING BUBBLE EXPLODED! OVER THE NEXT DECADE SHE BECAME INCREASING MORE OPTIMISTIC ABOUT THE ECONOMY WHILE I BECAME INCREASINGLY MORE PESSIMISTIC ABOUT IT!

THE FACT IS THE IMPROVEMENT IN THE US ECONOMY IS BEING DRIVEN BY INCREASING LEVELS OF DEBT. BUT HERE WE ARE WITH SO CALLED FULL EMPLOYMENT AND WE ARE STILL BORROWING MONEY AS OPPOSED TO PAYING IT DOWN. AS THE BOOMERS RETIRE AND DRAIN THE SOCIAL SECURITY TRUST FUND WHILE ALSO DRIVING MEDICARE INTO HIGHER LEVELS OF DEFICIT SPENDING WE WILL SEE WHETHER MY WIFE’S OPTIMISM OR MY PESSIMISM WAS IN FACT CORRECT OVER THE LONGER TERM!

AND THAT IS ALL I’M GOING TO SAY ABOUT THAT!

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