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There was a tongue in cheek but interesting comment from a Central Banker in Ireland last week that: "The chance of a next recession is 100 percent." I think
by secfirstmd 7y ago
There was a tongue in cheek but interesting comment from a Central Banker in Ireland last week that:
"The chance of a next recession is 100 percent."
I think that it makes a lot of sense that people think about that. So many underlying issues are happening in the markets at the moment. My biggest fear is that Democracy in Western countries might not come out well after another one.
- wozniacki 7y agoMy biggest fear is that Democracy in Western countries might not come out well after another one. Not that observers disagree with that sentiment, but what specifically makes you say that? Is it something thats structurally malformed in the way markets are set up currently? Is it going to affect most mature markets -- since they are all so heavily interlinked these days -- or will there be survivors?
- secfirstmd 7y agoSo I think that in reality with interests rates so low there is very little wiggle room to stimulate Western economies. So job cuts etc are gonna happen on a big level and the social safety net will feel massive pressure. Also I think that there is massive underlying disillusionment with lower and middle classes since 2008. In many cases this has led to the rise of far Left/Right parties. Many of whom have authoritarian instincts. I think the pain of another recession will see this trend happen again.