Post
Topic
Board Economics
Re: Is the economy situation in your country that bad?
by
yayayo
on 20/10/2016, 12:47:20 UTC
In my country we were in the crisis but if I am correct then we are official out of the crisis for almost a year and you do notice it it a bit but also not that much. [...]

Do you believe in official announcements? The simple truth for the vast majority of Western economies is that there is no sustainable economic growth besides artificial short term effects due to quantitative easing. In fact, real growth is clearly negative if you take inflation into account. For the US see here:

http://www.shadowstats.com/alternate_data/gross-domestic-product-charts

It's well known that governments bend statistical indicators to maintain the public impression of a healthy state of the economy. That is, because a negative impression of economic health carries negative psychological implications that may lead to even worse economic activity. After all, the power of governments depends a lot on the public perception of economic health.

So far, none of the factors that led to the crash 2008 have been resolved. Instead new risks of extreme proportions have been generated by quantitative easing and debt expansion in a desperate attempt to buy time.

ya.ya.yo!