everything is good...until it isn't wrote:
agip wrote:
one of my favorite investing sayings fits here - "deficits are ok...until they aren't.'
Meaning borrowing is great until something happens and the merde hits the fan and then everything is terrible. But you never know when that is going to happen, and you don't know what will cause it.
Think of the financial crisis - it was great...all that money freed up from housing and all that value created. The economy did well with the bubble. Until it didn't.
meh. you can say that about virtually anything.
I think that's part of the point agip is trying to make