Home › Forums › Financial Markets/Economics › How a pension deal went wrong and cost California › State will go BK unless major
State will go BK unless major inflation beyond the 5-6% adjustment (15 dollars an hour minimum wage comes to mind).
Anyway I think it is all part of the plan.
FED bale out and Fed money printing to infinity and beyond LOL.
IMO there is no exit strategy for the FED.
I don’t worry about China either, only the USA is stupid enough to let its housing market crash (in China the Gov is the Bank).