Comment on What does everyone think of the economic outlook for the next year?
iocase@lemmy.zip 4 days agoThis time they can’t print oil so that bullshit stops working, which is why this one might do them in.
Japan and China have been selling US treasuries and buying gold or their own treasuries instead… It’s not looking good. You can only print money needlessly when you have the unique privilege to do it as the reserve currency.
hark@lemmy.world 3 days ago
They can’t print oil, but they can play games with the strategic reserve and maybe implement heavy (heavier) subsidies, but yeah, eventually reality should set in. I just have no idea how long that would take. So far the market seems to take trump at his word every time.
iocase@lemmy.zip 3 days ago
End of July is what I’m hearing. Right now Peter is being robbed to pay paul