IMF: Global Economic Growth forecast is not good…
- Thread starter poker
- Start date
Sustained economic growth can longer be global anymore.
We may see growth in some regions concentrated in the
developing world. In the developed and more affluent parts
of the world like Europe and the U.S. growth may still be
possible but only if interest rates return to nearly zero.
We may see growth in some regions concentrated in the
developing world. In the developed and more affluent parts
of the world like Europe and the U.S. growth may still be
possible but only if interest rates return to nearly zero.
Demographically… won’t happen for a long time.
The 70’s into the 80’s. There were more boomers coming of age then there weee old people. Old people have the money. Young people borrow. When the demand of borrowers outweighs the supply… interest rates rates sky rocketed.
by the end of the 80’s… and into the 90’s…. The Boomers were all of age, and already had their housing, and vehicles. (More or less)… and the housing markets crashed, and interest rates came down.
Then, there were more boomers with money to lend than there were Gen X. Complete interest rate drop.
Interest rates won’t return to very low until the Millennials are in their 50’s.
Millennials…. They are a huge generation in their borrowing years, right when the boomers have retired and taken their money out of the risky markets and made it safe.
The boomers with non indexed defined benefit pensions(most db plans in the private sector) would enjoy some deflation.
In 1999 we had 10+ good years and we were long overdue for a recession. The reason the world went so long without a recession was because the government ( USA) was quietly stimulating the economy after Subprime mortgage crisis. Then came the pandemic. The governments of the world did everything they could to keep the economy in good shape by printing money to stimulate the economy. Now is the time we will pay for all the stimulus. The good times are years away. We will see a situation where the economy will rise and fall as the government do their best to keep the world from a second depression. The best one can do is to keep doing what you do as long as it is working and if it is not then adapt to the situation.
IMHO - I believe we are close to a correction. ( one of many, for years to come ) I am waiting for this to happen before I make any further action.
I believe this to be the greatest danger to the world in 2024
IMHO - I believe we are close to a correction. ( one of many, for years to come ) I am waiting for this to happen before I make any further action.
I believe this to be the greatest danger to the world in 2024
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Seriously?? But if that happens, we hobbiests will have bigger problems to deal with.
How convenient that Canada has FINALLY legalized assisted suicide? I mean, it's like they planned this or something.
So many conveniences and conicidences going on the past three years.
