Posts: 13901
Threads: 263
Joined: January 11, 2009
Reputation:
82
World economy at risk of another crash
October 5, 2018 at 4:32 am
https://www.msn.com/en-gb/money/news/wor...spartanntp
As a result of the major countries failure to properly regulate the financial sector a crash is now inevitable. BUT this time we are already using all the corrective measures from the last time. And of course we have an incompetent boob in the Whitehouse and in the UK we are already rushing headlong into crisis with Brexit.
You can fix ignorance, you can't fix stupid.
Tinkety Tonk and down with the Nazis.
Posts: 7392
Threads: 53
Joined: January 15, 2015
Reputation:
88
RE: World economy at risk of another crash
October 5, 2018 at 4:44 am
Problem is that the UK has now severely increased the national deficit bailing out the banks from last time and have lowered interest rates as low as they can go without the ability to raise them again. This means when it hits again, they have run out of options and it could become a deflationary spiral which are notoriously difficult to stop once they take hold.
Posts: 20476
Threads: 447
Joined: June 16, 2014
Reputation:
110
RE: World economy at risk of another crash
October 5, 2018 at 5:08 am
(This post was last modified: October 5, 2018 at 5:10 am by ignoramus.)
Australia and NZ are both on the verge of a crash.
Aussie home sale prices have dropped 5-10%. This is expected to be the tip of the iceberg.
From now to the end of 2020, 360b dollars of interest only loans will convert to interest and principle.
In 2020, the total sum of mortgage distressed homes will be the one to break the camels back and bring the whole country's economy down with it.
House prices will fall 20-40%. Thousands will not only lose their investments, but their family homes as well as a result of buying investment properties at inflated prices.
Its' crazy how people have such short memories...
No God, No fear.
Know God, Know fear.
