Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Roubuinin kept mentioning the 1970s. Wonder if they will have to do a Volker like the early 1980s or if they are going to continue to have near-zero interest rates even with hyper-inflation.
Sounded like Roubini is predicting these economic crashes around the time that full employment occurs.
Will the government appointed federal reserve just monetize basically everything relating to bonds because few will want to buy them with hyper-inflation.
Seems like they can't normalize interest rates without an economic crash.
I wonder if they are to the continue a cherade of near-zero interest rates even with hyper-inflation.
I've worked in investment and wealth management for a long time. There's a joke in the industry that being an economist is the easiest job in the world. No matter what your opinion, you can spin it that you were right (which was told to me years ago by a co-worker who used to work at the fed, and teaches economics at a graduate level today). It's notoriously hard to prove any economic theory (economists are the weathermen/women of banking/investment management, to put it in other terms). Personally? I'm not losing sleep, I don't think we're close to that kind of risk. Yes, we'll see some inflation. No, it won't be anywhere near the '70s.
Don't we get one of these dire economic predictions every couple of years? Eventually they may even get it right. Yes, we will have a stock market crash and a recession. We just had one last year.
I've worked in investment and wealth management for a long time. There's a joke in the industry that being an economist is the easiest job in the world. No matter what your opinion, you can spin it that you were right (which was told to me years ago by a co-worker who used to work at the fed, and teaches economics at a graduate level today). It's notoriously hard to prove any economic theory (economists are the weathermen/women of banking/investment management, to put it in other terms). Personally? I'm not losing sleep, I don't think we're close to that kind of risk. Yes, we'll see some inflation. No, it won't be anywhere near the '70s.
Whether you predict a boom or bust sooner or later you're right.
Eventually a recession is a sure thing. The question is when. Will it occur in the next few years as a result of Trump's era or whether it will happen after that as a result of Biden's era. It's not easy to predict but we have yet to see what the outcome of Trump's era will be.
Don't we get one of these dire economic predictions every couple of years? Eventually they may even get it right. Yes, we will have a stock market crash and a recession. We just had one last year.
Yes, Gerald Celente has switched from the worst depression ever to having one of the biggest booms ever. But he say it will only be short term.
Federal Notes are all counterfeit, if you actually read the US Constitution.
NO taxes can be paid in federal notes. No entity that is incorporated can levy a tax. It is CASE LAW!
Frankfort v Waldo.
Our next crisis is going to be a currency crisis and a sovereign debt crisis that makes the Great Depression look like a small technical correction.
This is not a repeat of the 70s- we're so much more broke now than we were back then. Nor is it a repeat of 08'. That crisis was essentially a corporate and banking crisis. This one will be a currency/sovereign debt crisis. In 08', banks and corporations failed. In this crisis, the nation will fail...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
