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We haven't been here before. The closest modern parallel for a disease-induced economic slowdown is the 1918 flu pandemic, but you also have to remember much of the developed world was then ravaged by war. The war dealt an unbelievable amount of economic devastation, and it is hard to tease out what devastation was from the pandemic vs. what was leftover from the war.
Probably more than we give it credit for. In fact the pandemic probably had more influence on ending ww1 than we give it credit for.
We haven't been here before. The closest modern parallel for a disease-induced economic slowdown is the 1918 flu pandemic, but you also have to remember much of the developed world was then ravaged by war. The war dealt an unbelievable amount of economic devastation, and it is hard to tease out what devastation was from the pandemic vs. what was leftover from the war.
There also wasn’t a powerful central bank to help ease the pain that time around. I know there are those in this thread who think that’s a bad thing, but the reason we aren’t already in a depression is because The Fed has been acting.
There also wasn’t a powerful central bank to help ease the pain that time around. I know there are those in this thread who think that’s a bad thing, but the reason we aren’t already in a depression is because The Fed has been acting.
The Fed has saved the politicians on more than one occasion.
There also wasn’t a powerful central bank to help ease the pain that time around. I know there are those in this thread who think that’s a bad thing, but the reason we aren’t already in a depression is because The Fed has been acting.
Everything the Fed is doing is only postponing the final collapse and in doing so, making it all the more calamitous when it does happen.
Everything the Fed is doing is only postponing the final collapse and in doing so, making it all the more calamitous when it does happen.
This is your religion. I’m not going to argue it with you. It’s intellectually stimulating to discuss economic models, but not religion. I asked you for data and a model and you can’t provide.
There also wasn’t a powerful central bank to help ease the pain that time around. I know there are those in this thread who think that’s a bad thing, but the reason we aren’t already in a depression is because The Fed has been acting.
The FED is propping up a fiscal/monetary system that's ultimately not sustainable.
How does it make sense for housing/rent to keep increasing to astronomical levels?#!
Sometimes, there needs to be some deflation in the system as much as the Powers That Be hate it so much...
The FED is propping up a fiscal/monetary system that's ultimately not sustainable.
How does it make sense for housing/rent to keep increasing to astronomical levels?#!
Sometimes, there needs to be some deflation in the system as much as the Powers That Be hate it so much...
That’s a qualitative argument. It’s not true because you think it’s true. If there is inflation in the entire system, prices absolutely can go up and it makes perfect sense.
Just remember that inflation and deflation impact everything. Your salary included. If prices drop, so do your wages. You guys cheering for deflation seem to forget that part. Buying power stays constant.
PS. Fiscal and monetary aren’t interchangeable words. It’s unclear to me if you think they are, but it’s important that you understand the difference.
The FED is propping up a fiscal/monetary system that's ultimately not sustainable.
How does it make sense for housing/rent to keep increasing to astronomical levels?#!
Sometimes, there needs to be some deflation in the system as much as the Powers That Be hate it so much...
Deflation would totally destroy the system, which is why they'll never allow it.
Ultimately though the economic forces really want there to be a deflation. So it will happen and nothing the central banks will do will be able to stop it.
This is what will happen: hyperinflation in nominal terms, hyper-deflation in real terms.
Has to be inflation, the bacon I buy went from $3.58 to $4.98 in one week. My never-wrong bacon index shows inflation running at an annual rate of 284,000% ! Forget bonds and equities, it’s time to invest in freezers and bacon.
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