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Daydreaming about what though? Look at the US economy it’s the strongest it’s ever been. Maybe that’s not a good indicator for the rest of the world? Let’s lo
by lbacaj 8y ago
Daydreaming about what though?
Look at the US economy it’s the strongest it’s ever been. Maybe that’s not a good indicator for the rest of the world?
Let’s look at some of the poorest countries? Have they improved over the last 20 years or gone south?
I don’t think I’m day dreaming, I’m working hard and building things. I can sit there and speculate or I can worry about impacting things.
- zepto 8y agoStrongest by what metric? If your measure doesn’t take into account political risks, demographic issues, climate change etc, then I question how ‘strong’ we can call it.
- lbacaj 8y agoI just meant economics since the article is about the global economy. I agree there is a large amount of division and political risk in the US. Edit: but still we are far from the world ending.
- phillipcarter 8y agoThere seems to be considerable feelings I read online that "economics" as you cite are a bit of a house of cards right now. The disproportion of increased income for _most_ people in the world compared with wealth is at the heart of it. More concretely, home buying is a cornerstone of the American economic system, but a combination of income stagnation, student loan debt, and absurd overpricing nationwide has priced out much of the "millennial" demographic. In my local area, shoddy houses are going for $700k, but nobody approaching 30 is buying anything. That sort of thing just isn't sustainable. And this is from the point of view of having a good tech income, which is a bubble.
- germinalphrase 8y agoWe have an entire generation that is ecstatic about rising house prices (and actively work to protect them) as they intend to retire on the eventual sale of their house. It’s going to be interesting if millennials just... don’t buy.
- zepto 8y agoHow will that be interesting? They’ll still be valuable as rental units that get sold to investors.