"During the John Howard years, he reduced government debt via GDP expansion via private credit growth but it's always some game of inflating something else to pay something else."
And you just proved my point with this. How did that all that BS end? 2008 crash ring a bell? Just as it will all end again the same way as history shows.
P.S. Back then "their" attempts to "inflate to infinity" broke the global economy and we crashed
XJO - Bear Posts only (Factors which might cause the markets to fall), page-23061
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Last
8,541.3 |
Change
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| Open | High | Low |
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| XJO (ASX) Chart |