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Originally Posted by Ustwo
But why is a recession likely?
Saying something is cyclical is fine and good, a lot of things are, but saying that doesn't explain WHY just that you know they come and go in a cycle. I've heard this in relation to the economy but why should we expect a recession beyond we tend to get them now and then?
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IMO, Because we spend more then we make. Both personally and as an nation. We've become a Visa society and the interest payments alone are weighing us down. The US government has taken to borrowing every time it needs a cash infusion, this latest boaster package is a prime example. Need money, tap that Visa, government needs cash call up China. We're leaving a mess for our kids in the hopes they're smarter then us. My guess is they are, but then again it wouldn't take much for that.