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Argentina's big throw of the dice, page-30

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kingpins

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24/12/23

23:00

Post #: 71613229
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Originally posted by Fishinnick ↑

The people have voted for it so you need to add them to the top of the list, many unfortunately still vote for it.

However with Millei they seem to have changed but we still have to wait and see what he does over the longer period.

Americans also look like they are changing too, Trump is still very popular.

The poms voting for Brexit was also a turn up for the books but unfortunately the remoaners are in charge again making a smooth brexit as hard as possible.

If i had a choice i would limit government debt to about 3% max of GDP with exemptions for War and maybe extra large natural disasters.

I think one of the worst things they've done is the ultra low rates, not only do governments borrow way too much money but if say wages only grow at 3% and houses grow at +15% pa or more due to ultra low rates every first home buyer after a few decades will be priced out because wages haven't kept up and then one gets all the problems that this brings.

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Hi Fishy

Re : Gov debt and low rates IMHO the problem is that there are far too many decisions made which are 100% political
Re : Millei He has to keep enough people happy and achieve a suitable result, almost impossible
Re: Trump, in the absence of anyone else IMHO he is the only one who can save the USA from TOTAL destruction within 24 months

Last edited by kingpins: 24/12/23
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