Traders Cooperative

[smartone]

roy
a greek type disaster can never happen in US because we have fiat currency
that is the madness of Greece right now.. the technocrats are driving the Greek economy in the ditch because of their demands for austerity = which is destroying greek economy which in turn is destroying government revenue which is creating a worse deficit.. it is now a mad vicious circle.

9% growth is probably implausible (but never say never -- if you had asked me I would have said a 9% cut in GDP for US is implausible as well but it in fact happen in 2008)

but wiith 4% GDP growth (Clinton years averaged 4.0 percent per year) and tax reform we can easily get to tax surpluses again.

We just need to get the two parties in US to stop protecting the 1% at ALL cost.