4 ms·
A business cycle with double digit inflation and repeat supply shocks is not normal. A business cycle at 100%+ debt to GDP is not normal. This is a generation
by fny 4y ago
A business cycle with double digit inflation and repeat supply shocks is not normal.
A business cycle at 100%+ debt to GDP is not normal.
This is a generational deleveraging that'll be painful for everyone.
- jdsully 4y agoDouble digit inflation happened before. The debt to GDP is new though, it’s never been this high.
- ssnistfajen 4y agoNone of what you described is new or "not normal". Japan has been this way for nearly 3 decades and they are hanging around just fine. Sure it's not a growing behemoth but they are far from doomed.
- postalrat 4y agoI've been hearing similar things all my life. I thought previous events would be different. Maybe this time it actually will be. Who knows.
- adamsmith143 4y ago"It's different this time" they said for the 10th time. Sure be worried if 90% of your net worth is tied up in FAANG stock which everyone has known have been overvalued for 5+ years or if you work for some unprofitable unicorn then yes a reckoning is coming. There is nothing to indicate structural instability like in 2008.