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RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?

in #economy5 years ago

Hi @crypto.piotr,

I found the link quite interesting. It's amazing to see how much dept there is around and how fast it developps. I share your feeling about confusion... It's difficult to interpret these numbers correctly. One thing we should keep in mind is that all these dept is compared to the GDP. So this means that to make these numbers look better governments can either reduce the dept by reducing spending, or they can try to increase GDP by spending even more. Politically speaking it seems always easier to spend more to "encourage" the economy.

Probably the whole castle of cards would come crumbling down if we had a new economical crisis with lower GDP's.

What can we expect of this? I don't know but I doesn't seem a healthy tendency ...

Cheers
Achim