Quote:
Originally Posted by Packer Fan
Since I am still working, and in Manufacturing, I will just be nice and say that you are mistaken.
In 37 years in the working world, about half of that in high level supply chain (purchasing) jobs, I have NEVER seen an economy as good as this one. What really amazes me is despite the fact that everyone is REALLY busy, and having trouble finding new workers, they are not raising prices.
Talking with my suppliers on a daily basis I hear about all the reshoring they are doing to USA. I work for a "Made in USA" company, but many of my suppliers import from overseas and are working on moving large portions of that business back here if they can. The small percentage of what I do buy from China I have active projects to reshore in the next 6 months.
That is the real world. Not the Fake News.
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Hope you are correct, but historically a booming economy in a sea of red ink (deficits) carries many many risks. The deficit grows.....as suggested we cannot just 'print more money"
You need to finance those deficits and the government will need to borrow money via the bond market. In order to attract buyers, the interest rate will be high which will make it all the more a bad situation.
Next domino is the corporate bonds, which will make it more costly to grow.
And maybe the most important is how do we fight off the next recession ?
Again, hope you are correct but history says otherwise.