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Recent content by civilwolf

  1. C

    Debt=Bad

    I like what Fisher said and what MaggieD said I agree with that and I would like to add: on #2 To pay your debt, you need a budget surplus, to achieve this, you either need to reduce your spending or increase your income ... austerity measures are failing... even IMF has stated this...
  2. C

    Does GDP growth of 1.3% and inflation of 1.6% equal a recession?

    A recession is: 30 years of a negative balance account (US is importing more than it is exporting) It is not inflation... Inflation has been and will always be there, as long as it is less than 4 or 5% per year... It is not an issue to worry about A negative budget deficit for more...
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