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@taskmaster4450le
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There is an offsetting factor to consider: technology. That could provide a solid boost.

However, something that was not in this article is the debt levels. The only way out of them is austerity. Historically, that was very painful. The US went through, if memory serves me correctly, 5 of them. One problem with the GFC of 15 years ago is that it did not clear out enough debt. All the stepping in only enhanced the problem.

So we will get different areas experiencing different things. I think the EU is in a lot of trouble since they fact demographic issues, have a huge debt problem, and lack the technology of the US or Japan.

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