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Monthly Archives: August 2024
Today’s economy is like that of the late 1920s
Today, there is great wage and wealth disparity, just as there was in the late 1920s. Recent energy consumption growth has been low, just as it was in the 1920s. A significant difference today is that the debt level of the US government is already at an extraordinarily high level. Adding more debt now is fraught with peril. Continue reading
Posted in Financial Implications
Tagged debt levels, interest rates, low oil prices, US election
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