Shit storm is on the way.
- Thread starter Ceiling Cat
- Start date
In 2019 we did not have a recession for 10 years, the government was expecting an economic slow down. Then the pandemic hit and the movement ( around the world ) had to spend to minimize the situation. They also had to print a lot of money to keep the economy going. The world has to pay for all of this and I believe the economy in the next 3-4 years will be slow. The may be an event that slows the economy, but this will slow inflation so that we can eventually return to normal. This will take years. The world governments are doing their best to avoid a recession/depression. If we have many economic slow downs rather than one big crash, then we can avoid a situation where there are hoards of U-Men at the soup lines.
I find these articles funny because money like gold does not disappear. The amount of junk you can buy with a dollar is always changing but that dollar will always exist. If old people have all the money they will die and redistribute. Old people using more health care is simply shifting more tax money into health care. That money you spent on an x box is redistributed from your employer to you to Sony to its workers to whatever they buy repeated. Money does not disappear its redistributed. When recession hits the money slows down which is exactly what is intended with interest rate hikes. Everything you spend money on creates jobs and puts your money in the pockets of others.
In general, not sure I could agree more. Kids can’t vote until they are 18………..it’s easy for people ( and thus politicians) to fuck them over……………..
the near term, mid term future. Who the hell knows. People have been predicting a RE crash for 20 years. I doubt many saw the population growth, and it’s causes coming…that’s led to demand>>>>>>>>>>>>>>supply.
Only a-select handful of professionals saw 2008 coming. If you claim you did, why aren’t you a billionaire? We also saw the credit crunch ( Google that) coming.we did not expect it to be what it was, or as widespread.
No-one saw Covid coming…
See the thread about Pros being wrong…
What I might suggest. Is that there a dark storm clouds on the horizon. Debt and consumer debt. Interest rates and inflation, Boomers leaving the workforce, not contributing to GDP, Boomers hammering healthcare..
If a snowball starts, it could get very ugly. And don’t think your safe.
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