Why Our Economy May Be Headed for a Decade of Depression

[Turveyd]

Who is benefiting from creating this disconnect?

People who have money invested and pension schemes.

Likely find this bull market will be short lived, the big boys when the crash came didn't have the time to take there profits, so fed's pumped market back up and you can bet big boys are cashing out and flipping to short, where as retail seem to be desperate and blowing there last pay checks for a chance of survival and making it big.

Disconnects won't last for ever, reality will kick it's ass sooner or later.

 

[ElCubano]

10 trillion and 0 reserve requirements, is what made stock market recover. The real economy, I do not see it getting back to normal any time soon. The way we spend even on small things have changed. We would need at least few years to go back to real normal, but even with that, how many small business will never reopen or go bust in near future? What effect will mass work from home, will have on commercial RE and so on.

Not to mention i think airlines, cruise ships, restaurants will have to increase prices on 50% capacity protocol.

I used to be able to seat 100 now 50 who is going to eat the other 50? guess who, the new 50. lol

 

[RedDuke]

Not to mention i think airlines, cruise ships, restaurants will have to increase prices on 50% capacity protocol.

I used to be able to seat 100 now 50 who is going to eat the other 50? guess who, the new 50. lol

Precisely. The ripple effects are totally not known and unpredictable.

 

[bone]

Economists are like meteorologists - they are wrong over and over again, and they get to keep being wrong over and over again. Come to think about it, I would opine that meteorologists are almost certainly right more often than economists.

 

[Turveyd]

Not to mention i think airlines, cruise ships, restaurants will have to increase prices on 50% capacity protocol.

I used to be able to seat 100 now 50 who is going to eat the other 50? guess who, the new 50. lol

Kinda hoping near the end of this and they'll calm down and realise like the CDC has that it's not a plague and it's not the end of the world and normality will creep back in.

News yesterday, I'm quoting " unnamed ship 80% of the passengers had it with no symptoms" see it's not that bad.

 

[Cuddles]

People find the scenario that fits their bias. See the extremely partisan, ill-informed post from Here4StupidGibberish in this thread.

Show me in the doll where my post triggered you

 

[bone]

One of the more prominent hardcore Keynesian Democrats around. Roubini's "backstory" in the article is a bit "selective".

He hated and railed against TARP for all the inflationary reasons he cites in the OP's article - and then turned around and praised it effusively in 2014.

Having said all that, I happen to agree with him about cryptocurrencies.

 

[bone]

The market is not the economy. The fed & congress has mortgaged Americans' future & earning power to float Donnie's reelection.

Imagine what $20 Trillion in spending under a Biden Administration will do for us then.

 

[RedDuke]

Imagine what $20 Trillion in spending under a Biden Administration will do for us then.

last time Dems inherited massive deficits they cut them in 1/2. Then Trump came along and doubled it right away.

Biden might cut deficits

 

[Cuddles]

last time Dems inherited massive deficits they cut them in 1/2. Then Trump came along and doubled it right away.

Biden might cut deficits

He'll have to after clawing back those tax cuts