Four words that are supposed to invalidate any investing argument. But if your frame of reference is the U.S. economy during the past century, then the fact is that this time it really is different: Now in the grand scheme of things, this isn't different at all. It's the same pattern followed by every fiat currency. But this is new within our lifetimes and those of our near ancestors in this country. It's true that we had hyperinflation in the Continental currency, but that has long since passed out of the public consciousness. Right now the only people in the U.S. which would recognize this pattern, other than those sufficiently researched in the topic, are those from South America, Eastern Europe, Zimbabwe, and the like. This time is not different for them. They've seen it before. But for anyone who was born in the U.S. and is speaking from their own personal experience, this time is indeed different. It is not valid to cite anything within your investing lifetime which compares to the present circumstances. This isn't like 1980, it's not like 1929 even. This is new for you. Expand your horizons beyond your own immediate experience and see that this has happened before elsewhere, and it didn't turn out well.
Definitely no the trend anyone that gives a hoot about the economy, and the future of it, wants to see. Very disturbing, especially at the rate in which it happened.
This time its different because it is a period of bailout and stimulus. Lastly but lately the word austerity cropped in. Nothing would change unless US citizens change their spending habits and install sound and robust saving culture.
Well, the US citizens will definitely learn how to save more if the cost of living becomes higher and higher.
Just unbelievable. Debt increased by 6 times in just 10 years? How many in the US now think that going for a war in Iraq was a good idea? In a way it came out good for us bullion investors. This was one of the reasons why the value of gold and silver rose so sharply.
