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The Next GFC?
October 9, 2018 at 10:42 pm
(This post was last modified: October 9, 2018 at 10:44 pm by ignoramus.)
So many alarmist/sensationalist vids and pages on the net about the next global recession even by reputable sources...
Is 60 minutes to be taken seriously these days or do they just sell advertising on tv now.
Australia's economy is in decline (massive unhealthy debt levels) with crazy house prices, as is NZ.
With interest rates so low, there's nowhere else to go if things crash which will make the next one a lot harder for people and governments.
Do you think, based on what you see around you in society that something will burst sooner rather than later?
No God, No fear.
Know God, Know fear.
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RE: The Next GFC?
October 10, 2018 at 12:26 am
(This post was last modified: October 10, 2018 at 12:34 am by Silver.)
Ghost Fang Castle?
Besides, most 'Muricans have this idiosyncrasy with not knowing what is happening in the country right under their noses, because for them it is merely a minor setback and everything will be fine because 'Murica always recovers and it's not as bad as all that, because look at the bliss I'm experiencing in my small part of this great country.
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RE: The Next GFC?
October 10, 2018 at 8:55 am
Geezus Fucking Christ?
Playing Cluedo with my mum while I was at Uni:
"You did WHAT? With WHO? WHERE???"
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RE: The Next GFC?
October 10, 2018 at 9:05 am
Negative interest rates will solve this problem
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RE: The Next GFC?
October 10, 2018 at 9:20 am
Great Flamingo Crash?
Where are we going and why am I in this hand basket?
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RE: The Next GFC?
October 10, 2018 at 9:45 am
(October 10, 2018 at 9:05 am)Dmitry1983 Wrote: Negative interest rates will solve this problem
AKA, printing more money, There's a downside to that, but it might work in the short-term.
I'm not anti-Christian. I'm anti-stupid.
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RE: The Next GFC?
October 10, 2018 at 10:17 am
Gangs Fucking Celebates.
You know they had it cuming.
Investments, I'm going to get real cautious about half way thru 2019.
Being told you're delusional does not necessarily mean you're mental.
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RE: The Next GFC?
October 10, 2018 at 10:18 am
It has been inevitable since 2008 when the strategy was to kick the can down the road rather than to make any substantial changes to the system.
It's also a known symptom of peak oil that can only be recognised in hindsight. This is because the economy constantly needs to expand exponentially. Anything less is a recession, or worse a deflationary depression. And for the economy to expand it needs energy.
But because we live in an oil based economy, peak oil means that the number of oil fields coming on line can't sufficiently replace the number of oil fields becoming depleted. So the economy goes into recession. This reduces demand. Prices drop and the economy then has a chance to recover. Which means demand for energy and resources rises again, along with prices. But because of peak oil this brings about another recession. So historically you find a plateau of short term oscillations followed by steady decline post-peak oil.
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RE: The Next GFC?
October 10, 2018 at 10:26 am
Gargantuan Farting Coconut. (I may have had one too many cups of coffee.)
With my luck we'll go into a global recession just as I try to find a job. :/
The word bed actually looks like a bed.
