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I think the media and 'financial experts' lie to the public, so they can keep on telling people the economy is doing GREAT, to keep confidence high and people keep on spending and borrowing money, Im just not sure how they are controlling inflation, Govt has printed money left and right, but for the most part, prices have stayed relatively the same..?
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.
The markets have this funny habit of making stock market predictions look silly.
Market movements do not necessarily follow logic; currently we have a market valued at more than 2X historic Schiller P/E averages in a climate in which interest rates are now rising. The levels of the market defy logic, but the market is dictated by emotion, not logic.
I think the media and 'financial experts' lie to the public, so they can keep on telling people the economy is doing GREAT, to keep confidence high and people keep on spending and borrowing money, Im just not sure how they are controlling inflation, Govt has printed money left and right, but for the most part, prices have stayed relatively the same..?
There is this news network who has a website and half the articles are breaking news about this amazing credit card, amazing personal loan, amazing mortgage rate and they are incorperating it into real news.
They will publish in article about the "student loan crisis" with then will recommend different products from student loan companies.
They will publish articles about how people would be wise to buy a house now, at any price and then below will have talk about mortgage companies who likely paid them for the article.
There is a financial network that has a cable TV station and their website things like cryptocurrency articles next to breaking news for a high interest rate personal loan.
They will have a story about low housing inventory and breaking news about lower mortgage rates from paid advertisements masquerading for real journalism.
Roubini: 10 reasons conditions will be ripe for a financial crisis by 20
Since Trump has already started a trade war with China and wouldn’t dare attack nuclear-armed North Korea, his last best target would be Iran. By provoking a military confrontation with that country, he would trigger a stagflationary geopolitical shock not unlike the oil-price spikes of 1973, 1979, and 1990. Needless to say, that would make the oncoming global recession even more severe.
He consistently predicts doom and gloom ...one year he may get it right.
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